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. Duty Free International's Cash Ratio for the quarter that ended in Nov. 2023 was 7.82.
Duty Free International has a Cash Ratio of 7.82. 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 Duty Free International's Cash Ratio or its related term are showing as below:
SGX:5SO'
s Cash Ratio Range Over the Past 10 Years
Min: 0.18 Med: 2.7 Max: 9.23
Current: 7.82
During the past 13 years, Duty Free International's highest Cash Ratio was 9.23. The lowest was 0.18. And the median was 2.70.
SGX:5SO's Cash Ratio is ranked better than 98.63% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 0.38
vs SGX:5SO: 7.82
Duty Free International Cash Ratio Historical Data
The historical data trend for Duty Free International'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 Duty Free International's Cash Ratio
For the Specialty Retail subindustry, Duty Free International'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.
Duty Free International's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Duty Free International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Duty Free International's Cash Ratio falls into.
Duty Free International Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Duty Free International's Cash Ratio for the fiscal year that ended in Feb. 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.
Duty Free International (SGX:5SO) 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.
Duty Free International Cash Ratio Related Terms
Thank you for viewing the detailed overview of Duty Free International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Duty Free International (SGX:5SO) Business Description
Duty Free International Ltd is an Investment Holding company. The company operates through two divisions, which are Trading duty-free goods and non-dutiable merchandise and Investment holding others. The duty-free business of the company is its main revenue contributor and its activities involve trading duty-free goods and non-dutiable merchandise through its brand The Zon, situated at entry and exit points of international airports, seaports, international ferry terminals, border towns, and popular tourist destinations. The company's products entail imported duty-free beverages, tobacco products, chocolates and confectionery products, perfumery, cosmetics, and souvenirs. The activities of the group are mainly carried out in Malaysia.
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