Corby Spirit and Wine has a Cash Ratio of 0.58. 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 Corby Spirit and Wine's Cash Ratio or its related term are showing as below:
CBYDF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 2.09 Max: 4.1
Current: 0.58
During the past 13 years, Corby Spirit and Wine's highest Cash Ratio was 4.10. The lowest was 0.03. And the median was 2.09.
CBYDF's Cash Ratio is ranked better than 66.17% of 201
companies
in the Beverages - Alcoholic industry
Industry Median: 0.32
vs CBYDF: 0.58
* 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 Corby Spirit and Wine's Cash Ratio
For the Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.
Corby Spirit and Wine's Cash Ratio Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Corby Spirit and Wine's Cash Ratio falls into.
Corby Spirit and Wine Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Corby Spirit and Wine'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.
Corby Spirit and Wine (OTCPK:CBYDF) 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.
Corby Spirit and Wine Cash Ratio Related Terms
Thank you for viewing the detailed overview of Corby Spirit and Wine's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Corby Spirit and Wine (Corby Spirit and Wine) Business Description
Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.
Corby Spirit and Wine (Corby Spirit and Wine) Headlines
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