McMillan Shakespeare has a Cash Ratio of 0.22. 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 McMillan Shakespeare's Cash Ratio or its related term are showing as below:
STU:NMN'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.61 Max: 1.11
Current: 0.22
During the past 13 years, McMillan Shakespeare's highest Cash Ratio was 1.11. The lowest was 0.11. And the median was 0.61.
STU:NMN's Cash Ratio is ranked worse than 73.85% of 1040
companies
in the Business Services industry
Industry Median: 0.595
vs STU:NMN: 0.22
McMillan Shakespeare Cash Ratio Historical Data
The historical data trend for McMillan Shakespeare'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 McMillan Shakespeare's Cash Ratio
For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's Cash Ratio distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare'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.
McMillan Shakespeare (STU:NMN) 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.
McMillan Shakespeare Cash Ratio Related Terms
Thank you for viewing the detailed overview of McMillan Shakespeare's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
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