Al Waha Capital PJSC has a Cash Ratio of 1.80. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Al Waha Capital PJSC's Cash Ratio or its related term are showing as below:
ADX:WAHA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.73 Max: 9
Current: 1.8
During the past 13 years, Al Waha Capital PJSC's highest Cash Ratio was 9.00. The lowest was 0.13. And the median was 1.73.
ADX:WAHA's Cash Ratio is ranked better than 52.96% of 659
companies
in the Asset Management industry
Industry Median: 1.53
vs ADX:WAHA: 1.80
Al Waha Capital PJSC Cash Ratio Historical Data
The historical data trend for Al Waha Capital PJSC'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 Al Waha Capital PJSC's Cash Ratio
For the Asset Management subindustry, Al Waha Capital PJSC'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.
Al Waha Capital PJSC's Cash Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Al Waha Capital PJSC's Cash Ratio falls into.
Al Waha Capital PJSC Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Al Waha Capital PJSC's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Al Waha Capital PJSC (ADX:WAHA) 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.
Al Waha Capital PJSC Cash Ratio Related Terms
Thank you for viewing the detailed overview of Al Waha Capital PJSC's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Al Waha Capital PJSC (ADX:WAHA) Business Description
Al Waha Capital PJSC manages various assets across many sectors, including aircraft leasing, healthcare, financial services, energy, infrastructure, industrial real estate, and capital markets. Traditionally, the company has invested for governments in the Middle East and Northern Africa. However, through private equity offerings, it offers investments to third-party investors. Operations are split between two platforms: Principal Investments and Asset Management. Although the company allocates investment assets globally, it focuses on investments in the Middle East. The company seeks to acquire joint control or significant minority stakes in many situations. Through its significant ownership, it attempts to add value through registration on boards, and committees.
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