Immo Genk Zuid (XBRU:GENK) Cash Ratio : 0.30 (As of May. 2021)

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What is Immo Genk Zuid 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. Immo Genk Zuid's Cash Ratio for the quarter that ended in May. 2021 was 0.30.

Immo Genk Zuid has a Cash Ratio of 0.30. 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 Immo Genk Zuid's Cash Ratio or its related term are showing as below:

XBRU:GENK's Cash Ratio is not ranked ^*
in the Real Estate industry.
Industry Median: 0.32
* Ranked among companies with meaningful Cash Ratio only.

Immo Genk Zuid Cash Ratio Historical Data

The historical data trend for Immo Genk Zuid'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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Immo Genk Zuid Cash Ratio Chart

Immo Genk Zuid Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Cash Ratio

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0.98

19.65

30.08

69.07

47.28

Immo Genk Zuid Semi-Annual Data
	May11	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	May21
Cash Ratio	Get a 7-Day Free Trial															69.07	15.30	47.28	0.50	0.30

Competitive Comparison of Immo Genk Zuid's Cash Ratio

For the Real Estate Services subindustry, Immo Genk Zuid'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.

Immo Genk Zuid's Cash Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Immo Genk Zuid's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Immo Genk Zuid's Cash Ratio falls into.

Immo Genk Zuid Cash Ratio Calculation

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

Immo Genk Zuid's Cash Ratio for the fiscal year that ended in Nov. 2019 is calculated as:

Cash Ratio (A: Nov. 2019 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.735	/	0.079
	=	47.28

Immo Genk Zuid's Cash Ratio for the quarter that ended in May. 2021 is calculated as:

Cash Ratio (Q: May. 2021 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.955	/	6.412
	=	0.30

Immo Genk Zuid (XBRU:GENK) 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.

Immo Genk Zuid Cash Ratio Related Terms

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