Park-Ohio Holdings has a Cash Ratio of 0.15. 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 Park-Ohio Holdings's Cash Ratio or its related term are showing as below:
PKOH'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.19 Max: 0.3
Current: 0.15
During the past 13 years, Park-Ohio Holdings's highest Cash Ratio was 0.30. The lowest was 0.13. And the median was 0.19.
PKOH's Cash Ratio is ranked worse than 82.66% of 2981
companies
in the Industrial Products industry
Industry Median: 0.53
vs PKOH: 0.15
Park-Ohio Holdings Cash Ratio Historical Data
The historical data trend for Park-Ohio 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.
Competitive Comparison of Park-Ohio Holdings's Cash Ratio
For the Specialty Industrial Machinery subindustry, Park-Ohio 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.
Park-Ohio Holdings's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Park-Ohio Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Park-Ohio Holdings's Cash Ratio falls into.
Park-Ohio 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.
Park-Ohio Holdings's Cash Ratio for the fiscal year that ended in Dec. 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.
Park-Ohio Holdings (NAS:PKOH) 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.
Park-Ohio Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Park-Ohio Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Park-Ohio Holdings (Park-Ohio Holdings) Business Description
Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PKOH has been successfully added to your 