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Futures Capital AD (XBUL:FCAD) Cash Ratio : 0.73 (As of Jun. 2024)


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What is Futures Capital AD 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. Futures Capital AD's Cash Ratio for the quarter that ended in Jun. 2024 was 0.73.

Futures Capital AD has a Cash Ratio of 0.73. 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 Futures Capital AD's Cash Ratio or its related term are showing as below:

XBUL:FCAD' s Cash Ratio Range Over the Past 10 Years
Min: 0.17   Med: 1.03   Max: 19.58
Current: 0.73

During the past 12 years, Futures Capital AD's highest Cash Ratio was 19.58. The lowest was 0.17. And the median was 1.03.

XBUL:FCAD's Cash Ratio is ranked worse than
65.11% of 662 companies
in the Asset Management industry
Industry Median: 1.46 vs XBUL:FCAD: 0.73

Futures Capital AD Cash Ratio Historical Data

The historical data trend for Futures Capital AD'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.

Futures Capital AD Cash Ratio Chart

Futures Capital AD Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 2.44 1.51 0.91 1.15

Futures Capital AD Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 4.83 0.91 0.79 1.15 0.73

Competitive Comparison of Futures Capital AD's Cash Ratio

For the Asset Management subindustry, Futures Capital AD'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.


Futures Capital AD's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Futures Capital AD's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Futures Capital AD's Cash Ratio falls into.



Futures Capital AD Cash Ratio Calculation

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

Futures Capital AD's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.493/1.302
=1.15

Futures Capital AD's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.345/1.838
=0.73

* 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.


Futures Capital AD  (XBUL:FCAD) 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.


Futures Capital AD Cash Ratio Related Terms

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Futures Capital AD Business Description

Traded in Other Exchanges
N/A
Address
70B Ing. Ivan Ivanov Boulevard, Floor 3, Sofia, BGR, 1303
Futures Capital AD provides foreign direct investments in the real estate, leisure, healthcare, infrastructure, energy, and technology sectors.

Futures Capital AD Headlines

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