Royal Boskalis Westminster NV has a Cash Ratio of 0.27. 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 Royal Boskalis Westminster NV's Cash Ratio or its related term are showing as below:
XAMS:BOKA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.25 Max: 0.47
Current: 0.27
During the past 13 years, Royal Boskalis Westminster NV's highest Cash Ratio was 0.47. The lowest was 0.13. And the median was 0.25.
XAMS:BOKA's Cash Ratio is not ranked
in the Construction industry.
Industry Median: 0.32
vs XAMS:BOKA: 0.27
Royal Boskalis Westminster NV Cash Ratio Historical Data
* 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 Royal Boskalis Westminster NV's Cash Ratio
For the Engineering & Construction subindustry, Royal Boskalis Westminster NV'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.
Royal Boskalis Westminster NV's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Royal Boskalis Westminster NV's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Royal Boskalis Westminster NV's Cash Ratio falls into.
Royal Boskalis Westminster NV Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Royal Boskalis Westminster NV (XAMS:BOKA) 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.
Royal Boskalis Westminster NV Cash Ratio Related Terms
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Royal Boskalis Westminster NV (XAMS:BOKA) Business Description
Royal Boskalis Westminster NV offers dredging activities and a broad range of maritime services for the offshore energy sector. In addition, it provides towage, emergency response, and other salvage-related services. Traditionally, the dredging activities remove silt, sand, and other layers from water beds and utilize maneuvers to reuse the materials. Additional revenue is generated from the construction and maintenance of ports and waterways. The company has three business divisions: dredging and inland infra; offshore energy; and towage and salvage (approximately half of total revenue). Customers primarily operate in the energy, port, and shipping end markets. The global company has a material presence in many different regions and is not overly dependent on any one country.
Royal Boskalis Westminster NV (XAMS:BOKA) Headlines
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