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Rubicon Organics (TSXV:ROMJ) Cash Ratio : 0.51 (As of Sep. 2024)


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What is Rubicon Organics 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. Rubicon Organics's Cash Ratio for the quarter that ended in Sep. 2024 was 0.51.

Rubicon Organics has a Cash Ratio of 0.51. 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 Rubicon Organics's Cash Ratio or its related term are showing as below:

TSXV:ROMJ' s Cash Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.82   Max: 1.74
Current: 0.51

During the past 8 years, Rubicon Organics's highest Cash Ratio was 1.74. The lowest was 0.07. And the median was 0.82.

TSXV:ROMJ's Cash Ratio is ranked worse than
53.39% of 1004 companies
in the Drug Manufacturers industry
Industry Median: 0.585 vs TSXV:ROMJ: 0.51

Rubicon Organics Cash Ratio Historical Data

The historical data trend for Rubicon Organics'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.

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Rubicon Organics Cash Ratio Chart

Rubicon Organics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial 0.16 0.55 1.67 0.99 -

Rubicon Organics 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 1.25 - 0.49 0.49 0.51

Competitive Comparison of Rubicon Organics's Cash Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Rubicon Organics'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.


Rubicon Organics's Cash Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Rubicon Organics's Cash Ratio distribution charts can be found below:

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



Rubicon Organics Cash Ratio Calculation

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

Rubicon Organics's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Rubicon Organics'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
=9.601/18.704
=0.51

* 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.


Rubicon Organics  (TSXV:ROMJ) 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.


Rubicon Organics Cash Ratio Related Terms

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Rubicon Organics Business Description

Traded in Other Exchanges
Address
744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5
Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.
Executives
Lenard Boggio Director
John Pigott Director
Eric Savics 10% Security Holder
Karen Proud Director
Michael Erik Detlefsen Director
Margaret Brodie Director, Senior Officer
Jesse Mcconnell 10% Security Holder, Director, Senior Officer
Pierre Lassonde 10% Security Holder
Peter Doig Senior Officer
John Bryan Disher Director

Rubicon Organics Headlines

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