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. Reko International Group's Cash Ratio for the quarter that ended in Jan. 2024 was 0.64.
Reko International Group has a Cash Ratio of 0.64. 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 Reko International Group's Cash Ratio or its related term are showing as below:
RKIGF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.52 Max: 1.34
Current: 0.64
During the past 13 years, Reko International Group's highest Cash Ratio was 1.34. The lowest was 0.01. And the median was 0.52.
RKIGF's Cash Ratio is ranked better than 56.42% of 2981
companies
in the Industrial Products industry
Industry Median: 0.53
vs RKIGF: 0.64
Reko International Group Cash Ratio Historical Data
The historical data trend for Reko International Group'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 Reko International Group's Cash Ratio
For the Specialty Industrial Machinery subindustry, Reko International Group'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.
Reko International Group's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Reko International Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Reko International Group's Cash Ratio falls into.
Reko International Group Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Reko International Group's Cash Ratio for the fiscal year that ended in Jul. 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.
Reko International Group (OTCPK:RKIGF) 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.
Reko International Group Cash Ratio Related Terms
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Reko International Group (Reko International Group) Business Description
Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.
Reko International Group (Reko International Group) Headlines
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