GURUFOCUS.COM » STOCK LIST » USA » OTCPK » Compagnie Financiere Richemont SA (OTCPK:CFRHF) » Definitions » Cash Ratio
Switch to:

Compagnie Financiere Richemont Cash Ratio

: 1.57 (As of Mar. 2022)
View and export this data going back to 2008. Start your Free Trial

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. Compagnie Financiere Richemont's Cash Ratio for the quarter that ended in Mar. 2022 was 1.57.

Compagnie Financiere Richemont has a Cash Ratio of 1.57. 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 Compagnie Financiere Richemont's Cash Ratio or its related term are showing as below:

CFRHF' s Cash Ratio Range Over the Past 10 Years
Min: 0.09   Med: 1.5   Max: 2.1
Current: 1.57

During the past 13 years, Compagnie Financiere Richemont's highest Cash Ratio was 2.10. The lowest was 0.09. And the median was 1.50.

CFRHF's Cash Ratio is ranked better than
85.39% of 1102 companies
in the Retail - Cyclical industry
Industry Median: 0.43 vs CFRHF: 1.57

Compagnie Financiere Richemont Cash Ratio Historical Data

The historical data trend for Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cash Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.10 1.52 1.50 1.65 1.57

Compagnie Financiere Richemont Semi-Annual Data
Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22
Cash Ratio 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 Premium Member Only Premium Member Only Premium Member Only 1.50 1.71 1.65 1.57 1.57

Competitive Comparison

For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.

   

Compagnie Financiere Richemont Cash Ratio Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Compagnie Financiere Richemont's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Compagnie Financiere Richemont's Cash Ratio falls into.



Compagnie Financiere Richemont Cash Ratio Calculation

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

Compagnie Financiere Richemont's Cash Ratio for the fiscal year that ended in Mar. 2022 is calculated as:

Cash Ratio (A: Mar. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=18181.718061674/11571.585903084
=1.57

Compagnie Financiere Richemont's Cash Ratio for the quarter that ended in Mar. 2022 is calculated as:

Cash Ratio (Q: Mar. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=18181.718061674/11571.585903084
=1.57

* 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.


Compagnie Financiere Richemont  (OTCPK:CFRHF) 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.


Compagnie Financiere Richemont Cash Ratio Related Terms

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


Compagnie Financiere Richemont Business Description

Compagnie Financiere Richemont logo
Address
50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293
Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up over 70% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 56% of revenue and over 95% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc. Online businesses include Yoox Net-a-Porter.

Compagnie Financiere Richemont Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)