Just Eat Takeaway.com NV has a Cash Ratio of 1.07. 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 Just Eat Takeaway.com NV's Cash Ratio or its related term are showing as below:
TKAYF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.79 Max: 3.16
Current: 1.07
During the past 12 years, Just Eat Takeaway.com NV's highest Cash Ratio was 3.16. The lowest was 0.13. And the median was 0.79.
TKAYF's Cash Ratio is ranked better than 78.23% of 1093
companies
in the Retail - Cyclical industry
Industry Median: 0.37
vs TKAYF: 1.07
Just Eat Takeaway.com NV 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 Just Eat Takeaway.com NV's Cash Ratio
For the Internet Retail subindustry, Just Eat Takeaway.com NV'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.
Just Eat Takeaway.com NV's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Just Eat Takeaway.com NV's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Just Eat Takeaway.com NV's Cash Ratio falls into.
Just Eat Takeaway.com NV Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Just Eat Takeaway.com NV's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Just Eat Takeaway.com NV (OTCPK:TKAYF) 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.
Just Eat Takeaway.com NV Cash Ratio Related Terms
Thank you for viewing the detailed overview of Just Eat Takeaway.com NV's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Just Eat Takeaway.com NV (Just Eat Takeaway.com NV) Business Description
Just Eat Takeaway operates an online marketplace that connects restaurants with users in Europe and North America. The company operates mainly as an order-only marketplace, although it also offers last-mile delivery services. The company is the result of the merger of Just Eat and Takeaway.com in early 2020. The company had close to 985 million orders and a gross transaction value of EUR 28.2 billion in fiscal 2022. Excluding the U.S. after the recent acquisition of Grubhub, the company's largest geographical presence by revenue is in the U.K., Germany, Canada, and the Netherlands.
Just Eat Takeaway.com NV (Just Eat Takeaway.com NV) Headlines
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