Franklin Covey Co has a Cash Ratio of 0.30. 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 Franklin Covey Co's Cash Ratio or its related term are showing as below:
FC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.27 Max: 0.77
Current: 0.3
During the past 13 years, Franklin Covey Co's highest Cash Ratio was 0.77. The lowest was 0.11. And the median was 0.27.
FC's Cash Ratio is ranked worse than 75.86% of 261
companies
in the Education industry
Industry Median: 0.7
vs FC: 0.30
Franklin Covey Co Cash Ratio Historical Data
The historical data trend for Franklin Covey Co'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 Franklin Covey Co's Cash Ratio
For the Education & Training Services subindustry, Franklin Covey Co'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.
Franklin Covey Co's Cash Ratio Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Franklin Covey Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Franklin Covey Co's Cash Ratio falls into.
Franklin Covey Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Franklin Covey Co's Cash Ratio for the fiscal year that ended in Aug. 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.
Franklin Covey Co (NYSE:FC) 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.
Franklin Covey Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Franklin Covey Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklin Covey Co (Franklin Covey Co) Business Description
Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.
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