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Turning Point Brands (Turning Point Brands) Cash Ratio : 1.17 (As of Dec. 2023)


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What is Turning Point Brands Cash Ratio?

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. Turning Point Brands's Cash Ratio for the quarter that ended in Dec. 2023 was 1.17.

Turning Point Brands has a Cash Ratio of 1.17. 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 Turning Point Brands's Cash Ratio or its related term are showing as below:

TPB' s Cash Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.54   Max: 3.18
Current: 1.17

During the past 11 years, Turning Point Brands's highest Cash Ratio was 3.18. The lowest was 0.05. And the median was 0.54.

TPB's Cash Ratio is ranked better than
87.76% of 49 companies
in the Tobacco Products industry
Industry Median: 0.3 vs TPB: 1.17

Turning Point Brands Cash Ratio Historical Data

The historical data trend for Turning Point Brands'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.

* Premium members only.

Turning Point Brands Cash Ratio Chart

Turning Point Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 0.74 3.18 2.57 1.17

Turning Point Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.57 2.88 2.41 1.11 1.17

Competitive Comparison of Turning Point Brands's Cash Ratio

For the Tobacco subindustry, Turning Point Brands'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.


Turning Point Brands's Cash Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Turning Point Brands's Cash Ratio falls into.



Turning Point Brands Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Turning Point Brands's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=117.886/100.336
=1.17

Turning Point Brands's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=117.886/100.336
=1.17

* 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.


Turning Point Brands  (NYSE:TPB) 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.


Turning Point Brands Cash Ratio Related Terms

Thank you for viewing the detailed overview of Turning Point Brands's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Turning Point Brands (Turning Point Brands) Business Description

Traded in Other Exchanges
Address
5201 Interchange Way, Louisville, KY, USA, 40229
Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.
Executives
Stephen Usher director 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
David Edward Glazek director, officer: Executive Chairman 767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153
Graham Purdy officer: President & CEO 12442 POPLAR WOOD DRIVE, GOSHEN KY 40026
Brittani Cushman officer: Sr VP, General Counsel 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Luis Reformina officer: Sr VP, CFO 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Rohith Reddy director 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Zimmerman Arnold director 925 PARK AVE, 2A, NEW YORK NY 10028
Assia Grazioli-venier director C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022
Ashley Davis Frushone director 5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Diao H.c. Charles director 1775 TYSONS BOULEVARD, TYSONS VA 22102
Standard General L.p. 10 percent owner 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Yavor Efremov director 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Lawrence Wexler director, officer: President and CEO 393 CARTER STREET, NEW CANAAN CT 06840
Standard Diversified Inc. 10 percent owner 767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Robert M. Lavan officer: SVP and CFO 5201 INTERCHANGE WAY, LOUISVILLE KY 40229

Turning Point Brands (Turning Point Brands) Headlines