Grupo Casas Bahia has a Cash Ratio of 0.14. 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 Grupo Casas Bahia's Cash Ratio or its related term are showing as below:
BSP:BHIA3'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: 0.59
Current: 0.14
During the past 13 years, Grupo Casas Bahia's highest Cash Ratio was 0.59. The lowest was 0.09. And the median was 0.20.
BSP:BHIA3's Cash Ratio is ranked worse than 74.93% of 1093
companies
in the Retail - Cyclical industry
Industry Median: 0.37
vs BSP:BHIA3: 0.14
Grupo Casas Bahia Cash Ratio Historical Data
The historical data trend for Grupo Casas Bahia'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.
Competitive Comparison of Grupo Casas Bahia's Cash Ratio
For the Specialty Retail subindustry, Grupo Casas Bahia'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.
Grupo Casas Bahia's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo Casas Bahia's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Grupo Casas Bahia's Cash Ratio falls into.
Grupo Casas Bahia Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Grupo Casas Bahia's Cash Ratio for the fiscal year that ended in Dec. 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.
Grupo Casas Bahia (BSP:BHIA3) 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.
Grupo Casas Bahia Cash Ratio Related Terms
Thank you for viewing the detailed overview of Grupo Casas Bahia's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Grupo Casas Bahia (BSP:BHIA3) Business Description
Grupo Casas Bahia SA formerly Via SA is a Brazil-based retailer that is principally engaged in the sale of consumer electronics, home appliances, mobile phones, and furniture. The company also provides credit card services to clients. The company operates through two traditional retail brand chains in Brazil; Casas Bahia and Pontofrio. Over two-thirds of the company's stores are under the Casas Bahia name, and all of its stores are located in Brazil. In addition to physical stores, the company also sells products through its websites of CNova.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSP:BHIA3 has been successfully added to your 