Cementos Molins (XMAD:CMO) Cash Ratio : 0.23 (As of Jun. 2023)

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What is Cementos Molins 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. Cementos Molins's Cash Ratio for the quarter that ended in Jun. 2023 was 0.23.

Cementos Molins has a Cash Ratio of 0.23. 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 Cementos Molins's Cash Ratio or its related term are showing as below:

XMAD:CMO' s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.7 Max: 0.81
Current: 0.23

During the past 13 years, Cementos Molins's highest Cash Ratio was 0.81. The lowest was 0.23. And the median was 0.70.

XMAD:CMO's Cash Ratio is not ranked
in the Building Materials industry.
Industry Median: 0.33 vs XMAD:CMO: 0.23

Cementos Molins Cash Ratio Historical Data

The historical data trend for Cementos Molins'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.

Cementos Molins Cash Ratio Chart

Cementos Molins Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Ratio

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0.31

0.54

0.32

0.25

Cementos Molins Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash Ratio	Get a 7-Day Free Trial															0.72	0.32	0.28	0.25	0.23

Competitive Comparison of Cementos Molins's Cash Ratio

For the Building Materials subindustry, Cementos Molins'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.

Cementos Molins's Cash Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementos Molins's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Cementos Molins's Cash Ratio falls into.

Cementos Molins Cash Ratio Calculation

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

Cementos Molins's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	85.554	/	345.848
	=	0.25

Cementos Molins's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	83.367	/	361.22
	=	0.23

Cementos Molins (XMAD:CMO) 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.

Cementos Molins Cash Ratio Related Terms

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Cementos Molins (XMAD:CMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Molins SA (XMAD:CMO) » Definitions » Cash Ratio

Traded in Other Exchanges

N/A

Address

Calle Espronceda 38, local 3, Madrid, ESP, 28003

Website

http://www.cemolins.es

Cementos Molins SA engages in the manufacturing and selling of gray cement and white cement used for various construction purposes in the civil engineering industry. The group's core business is to manufacture and market its products which include, cement, clinker, concrete, mortars, aggregates, and precast concrete. It caters to markets around the world which include Spain, Argentina, Uruguay, Mexico, Bangladesh, India, Tunisia, China, Bolivia, and Columbia. It generates the majority of its revenues from the sales of its products through in the foreign markets.