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. Tapestry's Cash Ratio for the quarter that ended in Dec. 2023 was 5.15.
Tapestry has a Cash Ratio of 5.15. 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 Tapestry's Cash Ratio or its related term are showing as below:
BSP:TPRY34'
s Cash Ratio Range Over the Past 10 Years
Min: 0.43 Med: 1.2 Max: 5.15
Current: 5.15
During the past 13 years, Tapestry's highest Cash Ratio was 5.15. The lowest was 0.43. And the median was 1.20.
BSP:TPRY34's Cash Ratio is ranked better than 97.63% of 1096
companies
in the Retail - Cyclical industry
Industry Median: 0.38
vs BSP:TPRY34: 5.15
Tapestry Cash Ratio Historical Data
The historical data trend for Tapestry'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.
For the Luxury Goods subindustry, Tapestry'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.
Tapestry Cash Ratio Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Tapestry's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tapestry's Cash Ratio falls into.
Tapestry Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Tapestry's Cash Ratio for the fiscal year that ended in Jun. 2023 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.
Tapestry (BSP:TPRY34) 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.
Tapestry Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tapestry's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.
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