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SBI Leasing Services Co (TSE:5834) Cash Ratio : 1.33 (As of Sep. 2024)


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What is SBI Leasing Services 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. SBI Leasing Services Co's Cash Ratio for the quarter that ended in Sep. 2024 was 1.33.

SBI Leasing Services Co has a Cash Ratio of 1.33. 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 SBI Leasing Services Co's Cash Ratio or its related term are showing as below:

TSE:5834' s Cash Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.55   Max: 5.52
Current: 1.33

During the past 4 years, SBI Leasing Services Co's highest Cash Ratio was 5.52. The lowest was 0.40. And the median was 1.55.

TSE:5834's Cash Ratio is ranked better than
71.82% of 1047 companies
in the Business Services industry
Industry Median: 0.59 vs TSE:5834: 1.33

SBI Leasing Services Co Cash Ratio Historical Data

The historical data trend for SBI Leasing Services 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.

SBI Leasing Services Co Cash Ratio Chart

SBI Leasing Services Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Cash Ratio
0.40 1.23 2.14 1.55

SBI Leasing Services Co Quarterly Data
Mar21 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 1.66 1.90 1.12 1.55 1.33

Competitive Comparison of SBI Leasing Services Co's Cash Ratio

For the Rental & Leasing Services subindustry, SBI Leasing Services 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.


SBI Leasing Services Co's Cash Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SBI Leasing Services Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where SBI Leasing Services Co's Cash Ratio falls into.



SBI Leasing Services 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.

SBI Leasing Services Co'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
=63638/41155
=1.55

SBI Leasing Services Co'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
=68241/51460
=1.33

* 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.


SBI Leasing Services Co  (TSE:5834) 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.


SBI Leasing Services Co Cash Ratio Related Terms

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SBI Leasing Services Co Business Description

Traded in Other Exchanges
N/A
Address
1-6-1 Roppongi, Izumi Garden Tower 14th floor, Minato-ku, Tokyo, JPN
SBI Leasing Services Co Ltd offers Japanese-style operating lease products that invest in real assets such as aircraft and ships.

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