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First Juken Co (TSE:8917) Cash Ratio : 1.88 (As of Apr. 2024)


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What is First Juken 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. First Juken Co's Cash Ratio for the quarter that ended in Apr. 2024 was 1.88.

First Juken Co has a Cash Ratio of 1.88. 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 First Juken Co's Cash Ratio or its related term are showing as below:

TSE:8917' s Cash Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.26   Max: 2.43
Current: 1.88

During the past 13 years, First Juken Co's highest Cash Ratio was 2.43. The lowest was 0.73. And the median was 1.26.

TSE:8917's Cash Ratio is ranked better than
89.47% of 95 companies
in the Homebuilding & Construction industry
Industry Median: 0.35 vs TSE:8917: 1.88

First Juken Co Cash Ratio Historical Data

The historical data trend for First Juken 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.

First Juken Co Cash Ratio Chart

First Juken Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 1.94 2.14 1.50 1.68

First Juken Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 1.29 1.23 1.68 1.61 1.88

Competitive Comparison of First Juken Co's Cash Ratio

For the Residential Construction subindustry, First Juken 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.


First Juken Co's Cash Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, First Juken Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where First Juken Co's Cash Ratio falls into.



First Juken 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.

First Juken Co's Cash Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash Ratio (A: Oct. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=18955.466/11266.658
=1.68

First Juken Co's Cash Ratio for the quarter that ended in Apr. 2024 is calculated as:

Cash Ratio (Q: Apr. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=18179.778/9689.008
=1.88

* 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.


First Juken Co  (TSE:8917) 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.


First Juken Co Cash Ratio Related Terms

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First Juken Co Business Description

Traded in Other Exchanges
N/A
Address
5-6-9 Higashi-Namba-cho, Amazaki-shi, Hyogo, JPN, 600892
First Juken Co Ltd is a Japanese based company engaged in the development of residential housing and condominium buildings. Its detached housing business offers the wooden house with a traditional conventional construction method. Its residential condominium business offers house on sale and rental. It is also engaged insurance business that offers fire insurance and life insurance.

First Juken Co Headlines

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