Aliansce Sonae Shopping Centers has a Cash Ratio of 0.85. 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 Aliansce Sonae Shopping Centers's Cash Ratio or its related term are showing as below:
SORRF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.66 Med: 1.7 Max: 7.68
Current: 0.85
During the past 13 years, Aliansce Sonae Shopping Centers's highest Cash Ratio was 7.68. The lowest was 0.66. And the median was 1.70.
SORRF's Cash Ratio is ranked better than 72.56% of 1775
companies
in the Real Estate industry
Industry Median: 0.32
vs SORRF: 0.85
Aliansce Sonae Shopping Centers Cash Ratio Historical Data
* 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 Aliansce Sonae Shopping Centers's Cash Ratio
For the Real Estate Services subindustry, Aliansce Sonae Shopping Centers'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.
Aliansce Sonae Shopping Centers's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Aliansce Sonae Shopping Centers's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Aliansce Sonae Shopping Centers's Cash Ratio falls into.
Aliansce Sonae Shopping Centers Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Aliansce Sonae Shopping Centers (OTCPK:SORRF) 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.
Aliansce Sonae Shopping Centers Cash Ratio Related Terms
Thank you for viewing the detailed overview of Aliansce Sonae Shopping Centers's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Aliansce Sonae Shopping Centers (Aliansce Sonae Shopping Centers) Business Description
ALLOS SA Formerly Aliansce Sonae Shopping Centers SA is a full-service company engaged in investing, directly or indirectly in commercial centers, shopping malls, and similar ventures, and in other companies as a partner or stockholder, as well as rendering commercial advisory services, and management of shopping malls and condominiums. It has three operating segments; Rent refers to the operating leases of the shopping malls that include rent, assignment of the right of use, and transfer fee revenue, Parking lot refers to the operation of the parking lot of the shopping mall, and Rendering of services involves the trading, rental, and condominium management and development/planning services carried out in shopping malls owned by the Company and third parties.
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