Glenveagh Properties has a Cash Ratio of 0.52. 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 Glenveagh Properties's Cash Ratio or its related term are showing as below:
DUB:GVR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.96 Max: 35.07
Current: 0.52
During the past 7 years, Glenveagh Properties's highest Cash Ratio was 35.07. The lowest was 0.52. And the median was 0.96.
DUB:GVR's Cash Ratio is ranked better than 67.33% of 101
companies
in the Homebuilding & Construction industry
Industry Median: 0.32
vs DUB:GVR: 0.52
Glenveagh Properties Cash Ratio Historical Data
The historical data trend for Glenveagh Properties'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 Glenveagh Properties's Cash Ratio
For the Residential Construction subindustry, Glenveagh Properties'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.
Glenveagh Properties's Cash Ratio Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Glenveagh Properties's Cash Ratio falls into.
Glenveagh Properties Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Glenveagh Properties'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.
Glenveagh Properties (DUB:GVR) 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.
Glenveagh Properties Cash Ratio Related Terms
Thank you for viewing the detailed overview of Glenveagh Properties's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Glenveagh Properties (DUB:GVR) Business Description
Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DUB:GVR has been successfully added to your 