GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kanadevia Corp (TSE:7004) » Definitions » Cash Ratio

Kanadevia (TSE:7004) Cash Ratio : 0.26 (As of Sep. 2024)


View and export this data going back to 1949. Start your Free Trial

What is Kanadevia 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. Kanadevia's Cash Ratio for the quarter that ended in Sep. 2024 was 0.26.

Kanadevia has a Cash Ratio of 0.26. 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 Kanadevia's Cash Ratio or its related term are showing as below:

TSE:7004' s Cash Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.27   Max: 0.5
Current: 0.26

During the past 13 years, Kanadevia's highest Cash Ratio was 0.50. The lowest was 0.15. And the median was 0.27.

TSE:7004's Cash Ratio is ranked worse than
70.6% of 2969 companies
in the Industrial Products industry
Industry Median: 0.52 vs TSE:7004: 0.26

Kanadevia Cash Ratio Historical Data

The historical data trend for Kanadevia'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.

Kanadevia Cash Ratio Chart

Kanadevia 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 0.24 0.24 0.28 0.36 0.26

Kanadevia Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.37 0.26 0.26 - 0.26

Competitive Comparison of Kanadevia's Cash Ratio

For the Pollution & Treatment Controls subindustry, Kanadevia'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.


Kanadevia's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kanadevia's Cash Ratio distribution charts can be found below:

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



Kanadevia Cash Ratio Calculation

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

Kanadevia'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
=71605/273682
=0.26

Kanadevia'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
=59987/233974
=0.26

* 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.


Kanadevia  (TSE:7004) 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.


Kanadevia Cash Ratio Related Terms

Thank you for viewing the detailed overview of Kanadevia's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Kanadevia Business Description

Traded in Other Exchanges
Address
7-89, Nanko-kita 1-chome, Suminoe-ku, Osaka, JPN, 559-8559
Kanadevia Corp is engaged in designing, constructing, and manufacturing Waste Energy plants, desalination plants, water and sewage treatment plants, marine diesel engines, press machines, process equipment, precision machinery, bridges, hydraulic gates, and equipment for use in disaster prevention/mitigation.

Kanadevia Headlines

No Headlines