Webco Industries (Webco Industries) Cash Ratio : 0.16 (As of Jul. 2023)

Webco Industries Cash Ratio Chart

Webco Industries Annual Data
	Trend	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Cash Ratio		Get a 7-Day Free Trial					0.07	0.09	0.07	0.05	0.16

Webco Industries Semi-Annual Data
	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Cash Ratio	Get a 7-Day Free Trial															0.07	0.09	0.07	0.05	0.16

Competitive Comparison of Webco Industries's Cash Ratio

For the Steel subindustry, Webco Industries'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.

Webco Industries's Cash Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Webco Industries's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Webco Industries's Cash Ratio falls into.

Webco Industries Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Webco Industries's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Webco Industries's Cash Ratio for the quarter 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.

Webco Industries  (OTCPK:WEBC) 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.

Webco Industries Cash Ratio Related Terms

Thank you for viewing the detailed overview of Webco Industries's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Webco Industries (Webco Industries) Business Description