dorma+kaba Holding AG has a Cash Ratio of 0.17. 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 dorma+kaba Holding AG's Cash Ratio or its related term are showing as below:
XSWX:DOKA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.6
Current: 0.21
During the past 13 years, dorma+kaba Holding AG's highest Cash Ratio was 0.60. The lowest was 0.09. And the median was 0.19.
XSWX:DOKA's Cash Ratio is ranked worse than 61.66% of 1703
companies
in the Construction industry
Industry Median: 0.3
vs XSWX:DOKA: 0.21
* 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 dorma+kaba Holding AG's Cash Ratio
For the Building Products & Equipment subindustry, dorma+kaba Holding AG'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.
dorma+kaba Holding AG's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, dorma+kaba Holding AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where dorma+kaba Holding AG's Cash Ratio falls into.
dorma+kaba Holding AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
dorma+kaba Holding AG's Cash Ratio for the fiscal year that ended in Jun. 2024 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.
dorma+kaba Holding AG (XSWX:DOKA) 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.
dorma+kaba Holding AG Cash Ratio Related Terms
Thank you for viewing the detailed overview of dorma+kaba Holding AG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
dorma+kaba Holding AG is a security group that provides smart and secure access solutions and systems in the security industry. The products include door closers, architectural hardware, space and rescue doors, automatic doors and operators, physical access systems, electronic access control, workforce management, installation services, master key systems, cylinder locks, digital and electronic locks, lodging systems, safe locks, interior glass products, and movable walls. The company has two operating segments: Access Solutions and Key & Wall Solutions and OEM. It generates the majority of its revenue from the Access Solutions segment.
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