RedFish LongTerm Capital SpA has a Cash Ratio of 0.74. 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 RedFish LongTerm Capital SpA's Cash Ratio or its related term are showing as below:
MIL:RFLTC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.74 Med: 5.91 Max: 16.67
Current: 0.74
During the past 3 years, RedFish LongTerm Capital SpA's highest Cash Ratio was 16.67. The lowest was 0.74. And the median was 5.91.
MIL:RFLTC's Cash Ratio is ranked worse than 68.58% of 662
companies
in the Asset Management industry
Industry Median: 1.53
vs MIL:RFLTC: 0.74
RedFish LongTerm Capital SpA 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.
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RedFish LongTerm Capital SpA Cash Ratio Chart
RedFish LongTerm Capital SpA Annual Data
Trend
Dec21
Dec22
Dec23
Cash Ratio
16.67
5.91
0.74
RedFish LongTerm Capital SpA Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Cash Ratio
16.67
-
5.91
0.80
0.74
Competitive Comparison of RedFish LongTerm Capital SpA's Cash Ratio
For the Asset Management subindustry, RedFish LongTerm Capital SpA'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.
RedFish LongTerm Capital SpA's Cash Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's Cash Ratio distribution charts can be found below:
* The bar in red indicates where RedFish LongTerm Capital SpA's Cash Ratio falls into.
RedFish LongTerm Capital SpA 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.
RedFish LongTerm Capital SpA (MIL:RFLTC) 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.
RedFish LongTerm Capital SpA Cash Ratio Related Terms
Thank you for viewing the detailed overview of RedFish LongTerm Capital SpA's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
RedFish LongTerm Capital SpA (MIL:RFLTC) Business Description
RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.
RedFish LongTerm Capital SpA (MIL:RFLTC) Headlines
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