Silver Life Co has a Cash Ratio of 0.91. 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 Silver Life Co's Cash Ratio or its related term are showing as below:
TSE:9262'
s Cash Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.12 Max: 2.79
Current: 0.91
During the past 9 years, Silver Life Co's highest Cash Ratio was 2.79. The lowest was 0.60. And the median was 1.12.
TSE:9262's Cash Ratio is ranked better than 70.6% of 1796
companies
in the Consumer Packaged Goods industry
Industry Median: 0.37
vs TSE:9262: 0.91
Silver Life Co Cash Ratio Historical Data
The historical data trend for Silver Life 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.
Competitive Comparison of Silver Life Co's Cash Ratio
For the Packaged Foods subindustry, Silver Life 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.
Silver Life Co's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Silver Life Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Silver Life Co's Cash Ratio falls into.
Silver Life 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.
Silver Life Co's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:
* 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.
Silver Life Co (TSE:9262) 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.
Silver Life Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Silver Life Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Silver Life Co Ltd is a Japan-based company mainly engaged in the operation of franchise headquarters of delivery service for elderly people and sales of cooked ingredients to franchisees. The company operates through Food Manufacturing and Sales business. The company's seller has the franchise (FC) merchant stores, senior citizens facilities and others. FC merchant stores business is engaged in developing franchising food delivery stores with two brands: Magokoro-Bento and H-fureai. The Company also engages in the provision of management guidance to franchisees and sales of boxed lunch ingredients.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:9262 has been successfully added to your 