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. ANA Holdings's Cash Ratio for the quarter that ended in Dec. 2023 was 1.33.
ANA Holdings has a Cash Ratio of 1.33. 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 ANA Holdings's Cash Ratio or its related term are showing as below:
FRA:ANCA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.65 Max: 2.05
Current: 1.33
During the past 13 years, ANA Holdings's highest Cash Ratio was 2.05. The lowest was 0.44. And the median was 0.65.
FRA:ANCA's Cash Ratio is ranked better than 80.14% of 967
companies
in the Transportation industry
Industry Median: 0.55
vs FRA:ANCA: 1.33
ANA Holdings Cash Ratio Historical Data
The historical data trend for ANA Holdings'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 Airlines subindustry, ANA Holdings'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.
ANA Holdings Cash Ratio Distribution
For the Transportation industry and Industrials sector, ANA Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where ANA Holdings's Cash Ratio falls into.
ANA Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
ANA Holdings's Cash Ratio for the fiscal year that ended in Mar. 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.
ANA Holdings (FRA:ANCA) 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.
ANA Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of ANA Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:ANCA has been successfully added to your 