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Mayer Steel Pipe has a Cash Ratio of 0.24. 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 Mayer Steel Pipe's Cash Ratio or its related term are showing as below:
TPE:2020'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.24 Max: 0.47
Current: 0.24
During the past 13 years, Mayer Steel Pipe's highest Cash Ratio was 0.47. The lowest was 0.15. And the median was 0.24.
TPE:2020's Cash Ratio is ranked worse than 52.03% of 615
companies
in the Steel industry
Industry Median: 0.26
vs TPE:2020: 0.24
Mayer Steel Pipe (TPE:2020) 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.
Mayer Steel Pipe Cash Ratio Related Terms
Mayer Steel Pipe Cash Ratio Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe'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.
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Cash Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a Cash Ratio of 0.24 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Mayer Steel Pipe and its competitors. This is near median its historical median of 0.24. Over the past decade, Mayer Steel Pipe's Cash Ratio has ranged from 0.15 to 0.47. According to the industry distribution chart, Mayer Steel Pipe ranks #320 out of 615 companies in the Steel industry, placing it in the top 52%.
Is Mayer Steel Pipe's Cash Ratio too high?
Mayer Steel Pipe's current Cash Ratio of 0.24 is near median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.47. The Steel industry median Cash Ratio is 0.26. Mayer Steel Pipe's value of 0.24 is 7.7% below this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #320 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Cash Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #320 out of 615 companies for Cash Ratio. This places Mayer Steel Pipe in the lower half of its industry. The industry median Cash Ratio is 0.26. Mayer Steel Pipe's value of 0.24 is 7.7% below this benchmark. Historically, Mayer Steel Pipe's own Cash Ratio has ranged from 0.15 to 0.47 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.26, Mayer Steel Pipe has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Steel company?
The median Cash Ratio among Steel companies is 0.26, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mayer Steel Pipe's current Cash Ratio of 0.24 is 7.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Mayer Steel Pipe and its competitors. For the Steel industry, the median Cash Ratio is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Cash Ratio is 0.24, which is near median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$21.19, compared to a current price of NT$21.15 — trading 0.2% below its estimated fair value. The current Cash Ratio is 0.24, which is near median its 10-year median of 0.24 and 7.7% below the Steel industry median of 0.26. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Mayer Steel Pipe (TPE:2020), the current Cash Ratio is 0.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be undervalued.
The current stock price of NT$21.15 is trading 0.2% below its estimated GF Value™ of NT$21.19.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Cash Ratio: 0.24 (near median its 10-year median of 0.24)
GF Value™: NT$21.19 vs. price of NT$21.15 (0.2% below fair value)
Industry Position: 7.7% below the Steel median (#320 of 615)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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