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TSI Holdings Co (TSE:3608) Cash Ratio : 0.71 (As of Nov. 2023)


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What is TSI Holdings Co 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. TSI Holdings Co's Cash Ratio for the quarter that ended in Nov. 2023 was 0.71.

TSI Holdings Co has a Cash Ratio of 0.71. 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 TSI Holdings Co's Cash Ratio or its related term are showing as below:

TSE:3608' s Cash Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1   Max: 1.42
Current: 0.97

During the past 13 years, TSI Holdings Co's highest Cash Ratio was 1.42. The lowest was 0.64. And the median was 1.00.

TSE:3608's Cash Ratio is ranked better than
74.88% of 1027 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.36 vs TSE:3608: 0.97

TSI Holdings Co Cash Ratio Historical Data

The historical data trend for TSI Holdings Co'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.

TSI Holdings Co Cash Ratio Chart

TSI Holdings Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 1.39 1.42 1.23 0.97

TSI Holdings Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.23 1.03 1.03 0.71 0.97

Competitive Comparison of TSI Holdings Co's Cash Ratio

For the Apparel Manufacturing subindustry, TSI Holdings Co'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.


TSI Holdings Co's Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where TSI Holdings Co's Cash Ratio falls into.



TSI Holdings Co Cash Ratio Calculation

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

TSI Holdings Co's Cash Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

Cash Ratio (A: Feb. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=27472/28388
=0.97

TSI Holdings Co's Cash Ratio for the quarter that ended in Nov. 2023 is calculated as:

Cash Ratio (Q: Nov. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=23111/32342
=0.71

* 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.


TSI Holdings Co  (TSE:3608) 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.


TSI Holdings Co Cash Ratio Related Terms

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TSI Holdings Co (TSE:3608) Business Description

Traded in Other Exchanges
Address
Number 7 1-chome, Chiyoda-ku, Tokyo, JPN
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. More than 90% of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.

TSI Holdings Co (TSE:3608) Headlines

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