Weya (XPAR:MLWEY) Cash Ratio : 0.04 (As of Feb. 2024)

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What is Weya 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. Weya's Cash Ratio for the quarter that ended in Feb. 2024 was 0.04.

Weya has a Cash Ratio of 0.04. 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 Weya's Cash Ratio or its related term are showing as below:

XPAR:MLWEY' s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.2 Max: 0.4
Current: 0.04

During the past 7 years, Weya's highest Cash Ratio was 0.40. The lowest was 0.03. And the median was 0.20.

XPAR:MLWEY's Cash Ratio is ranked worse than
91.09% of 494 companies
in the Utilities - Regulated industry
Industry Median: 0.33 vs XPAR:MLWEY: 0.04

Weya Cash Ratio Historical Data

The historical data trend for Weya'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.

Weya Cash Ratio Chart

Weya Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash Ratio

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0.16

0.40

0.24

0.03

0.04

Weya Semi-Annual Data
	Feb18	Feb19	Feb20	Feb21	Feb22	Feb23	Feb24
Cash Ratio	Get a 7-Day Free Trial			0.16	0.40	0.24	0.03	0.04

Competitive Comparison of Weya's Cash Ratio

For the Utilities - Diversified subindustry, Weya'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.

Weya's Cash Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Weya's Cash Ratio distribution charts can be found below:

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

Weya Cash Ratio Calculation

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

Weya's Cash Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

Cash Ratio (A: Feb. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.055	/	1.528
	=	0.04

Weya's Cash Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash Ratio (Q: Feb. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.055	/	1.528
	=	0.04

Weya (XPAR:MLWEY) 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.

Weya Cash Ratio Related Terms

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Weya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Weya (XPAR:MLWEY) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

36, avenue Pierre Brosselette, Malakoff, FRA, 92240

Website

https://www.weya.fr

Weya is a France-based company that specializes in wood energy (wood pellets or wood chips). The company is also involved in gas and solar energy. It takes care of the heat installation system, financing, installation of the boiler, delivery of the fuel, and maintenance.

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