Saudi Printing & Packaging Co has a Cash Ratio of 0.02. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Saudi Printing & Packaging Co's Cash Ratio or its related term are showing as below:
SAU:4270'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 1
Current: 0.02
During the past 13 years, Saudi Printing & Packaging Co's highest Cash Ratio was 1.00. The lowest was 0.01. And the median was 0.08.
SAU:4270's Cash Ratio is ranked worse than 95.38% of 1018
companies
in the Media - Diversified industry
Industry Median: 0.55
vs SAU:4270: 0.02
Saudi Printing & Packaging Co Cash Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Saudi Printing & Packaging Co's Cash Ratio
For the Publishing subindustry, Saudi Printing & Packaging Co's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Saudi Printing & Packaging Co's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Saudi Printing & Packaging Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Saudi Printing & Packaging Co's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Saudi Printing & Packaging Co (SAU:4270) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Saudi Printing & Packaging Co Cash Ratio Related Terms
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Saudi Printing & Packaging Co Business Description
Saudi Printing & Packaging Co is a printing house in the Middle East and Northern Africa. The business activity of the group is operated in three segments namely Printing, Packaging, and Other. The Printing segment includes printing works, related tools, and required raw materials. The Packaging segment comprises of printing works on plastic and commercial labels, as well as plastic products. The Other Segment includes the head office, management's operations, investing activities, and others. The majority of the revenue derives from the Printing segment. Geographically, the activities of the group and its subsidiaries are conducted in Saudi Arabia and the United Arab Emirates.
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