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. Koenig & Bauer AG's Cash Ratio for the quarter that ended in Dec. 2023 was 0.17.
Koenig & Bauer AG has a Cash Ratio of 0.17. 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 Koenig & Bauer AG's Cash Ratio or its related term are showing as below:
WBO:SKB'
s Cash Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.28 Max: 0.42
Current: 0.17
During the past 13 years, Koenig & Bauer AG's highest Cash Ratio was 0.42. The lowest was 0.17. And the median was 0.28.
WBO:SKB's Cash Ratio is ranked worse than 80.44% of 2980
companies
in the Industrial Products industry
Industry Median: 0.52
vs WBO:SKB: 0.17
Koenig & Bauer AG Cash Ratio Historical Data
The historical data trend for Koenig & Bauer AG'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.
For the Specialty Industrial Machinery subindustry, Koenig & Bauer AG'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.
Koenig & Bauer AG Cash Ratio Distribution
For the Industrial Products industry and Industrials sector, Koenig & Bauer AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Koenig & Bauer AG's Cash Ratio falls into.
Koenig & Bauer AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Koenig & Bauer AG'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.
Koenig & Bauer AG (WBO:SKB) 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.
Koenig & Bauer AG Cash Ratio Related Terms
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Koenig & Bauer AG is engaged in the manufacturing and distribution of sheetfed offset, digital, web offset, and special printing presses. It operates sheetfed offset for packaging, commercial, book, as well as workflow solutions. It also provides digital and offset web presses for newspaper, commercial and industrial printing. In addition, the company provides special presses for banknote and security printing, systems for industrial coding technology, and special machines for printing packaging made of metal, film, and other plastic as well as glass. The firm organizes its business globally through three segments namely Sheetfed, Digital & Web, and Special while generating the majority of its revenue from the Sheetfed activity.
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