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UEKI (TSE:1867) Cash Ratio : 0.38 (As of Sep. 2024)


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What is UEKI Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. UEKI's Cash Ratio for the quarter that ended in Sep. 2024 was 0.38.

UEKI has a Cash Ratio of 0.38. 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 UEKI's Cash Ratio or its related term are showing as below:

TSE:1867' s Cash Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.34   Max: 0.62
Current: 0.38

During the past 13 years, UEKI's highest Cash Ratio was 0.62. The lowest was 0.15. And the median was 0.34.

TSE:1867's Cash Ratio is ranked better than
57.32% of 1701 companies
in the Construction industry
Industry Median: 0.3 vs TSE:1867: 0.38

UEKI Cash Ratio Historical Data

The historical data trend for UEKI'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.

* Premium members only.

UEKI Cash Ratio Chart

UEKI Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.33 0.40 0.32 0.21

UEKI Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.44 0.35 0.21 0.38

Competitive Comparison of UEKI's Cash Ratio

For the Engineering & Construction subindustry, UEKI'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.


UEKI's Cash Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, UEKI's Cash Ratio distribution charts can be found below:

* The bar in red indicates where UEKI's Cash Ratio falls into.



UEKI Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

UEKI's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash Ratio (A: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=4155.488/19710.179
=0.21

UEKI's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=4092.937/10714.811
=0.38

* 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.


UEKI  (TSE:1867) 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.


UEKI Cash Ratio Related Terms

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UEKI Business Description

Traded in Other Exchanges
N/A
Address
2-8 Shinbashi Kashiwazaki, Niigata, JPN, 945-8540
UEKI Corp is a Japan-based construction company. It is involved in civil engineering, construction, pipes, and paving works; and development, rental, and sale of real estate projects, as well as land reclamation projects. It is also engaged in the manufacture, maintenance, sale and rental of automobile, construction material equipment, and power generation facilities. UEKI also provides repair and maintenance services.

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