Steakholder Foods has a Cash Ratio of 2.59. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Steakholder Foods's Cash Ratio or its related term are showing as below:
STKH'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 1.94 Max: 14.37
Current: 2.59
During the past 13 years, Steakholder Foods's highest Cash Ratio was 14.37. The lowest was 0.01. And the median was 1.94.
STKH's Cash Ratio is ranked better than 90.43% of 1850
companies
in the Consumer Packaged Goods industry
Industry Median: 0.4
vs STKH: 2.59
Steakholder Foods Cash Ratio Historical Data
The historical data trend for Steakholder Foods's Cash Ratio can be seen below:
* 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 Steakholder Foods's Cash Ratio
For the Packaged Foods subindustry, Steakholder Foods'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.
Steakholder Foods's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Steakholder Foods's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Steakholder Foods'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.
Steakholder Foods (NAS:STKH) 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.
Steakholder Foods Cash Ratio Related Terms
Thank you for viewing the detailed overview of Steakholder Foods's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Steakholder Foods Ltd is engaged in transforming the alternative protein industries through its technology. The group specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These tools help manufacturers of all sizes efficiently produce foods that meet consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production. The company's expertise in creating alternative protein products replicating traditional meats' complex textures such as beef steaks, white fish, shrimp, and eel. It also explores the integration of cultivated cells, preparing for future advancements in food technology.
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