Jamaica Stock Exchange has a Cash Ratio of 1.49. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Jamaica Stock Exchange's Cash Ratio or its related term are showing as below:
XJAM:JSE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.96 Max: 1.95
Current: 1.49
During the past 13 years, Jamaica Stock Exchange's highest Cash Ratio was 1.95. The lowest was 0.22. And the median was 0.96.
XJAM:JSE's Cash Ratio is ranked better than 60.85% of 659
companies
in the Capital Markets industry
Industry Median: 1
vs XJAM:JSE: 1.49
* 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 Jamaica Stock Exchange's Cash Ratio
For the Financial Data & Stock Exchanges subindustry, Jamaica Stock Exchange'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.
Jamaica Stock Exchange's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jamaica Stock Exchange's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Jamaica Stock Exchange's Cash Ratio falls into.
Jamaica Stock Exchange Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Jamaica Stock Exchange's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Jamaica Stock Exchange (XJAM:JSE) 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.
Jamaica Stock Exchange Cash Ratio Related Terms
Thank you for viewing the detailed overview of Jamaica Stock Exchange's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jamaica Stock Exchange (XJAM:JSE) Business Description
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The group's operations are in Jamaica.
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