Al-Ammal Financial Investments Co (AMM:AMAL) Cash Ratio : 27.99 (As of Mar. 2024)

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What is Al-Ammal Financial Investments Co Cash Ratio?

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. Al-Ammal Financial Investments Co's Cash Ratio for the quarter that ended in Mar. 2024 was 27.99.

Al-Ammal Financial Investments Co has a Cash Ratio of 27.99. 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-Ammal Financial Investments Co's Cash Ratio or its related term are showing as below:

AMM:AMAL' s Cash Ratio Range Over the Past 10 Years
Min: 0.25 Med: 1.16 Max: 37.38
Current: 27.99

During the past 13 years, Al-Ammal Financial Investments Co's highest Cash Ratio was 37.38. The lowest was 0.25. And the median was 1.16.

AMM:AMAL's Cash Ratio is ranked better than
91.72% of 652 companies
in the Capital Markets industry
Industry Median: 0.925 vs AMM:AMAL: 27.99

Al-Ammal Financial Investments Co Cash Ratio Historical Data

The historical data trend for Al-Ammal Financial Investments Co'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.

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Al-Ammal Financial Investments Co Cash Ratio Chart

Al-Ammal Financial Investments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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1.79

5.29

12.69

10.20

8.75

Al-Ammal Financial Investments Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Ratio	Get a 7-Day Free Trial															10.15	13.07	37.38	8.75	27.99

Competitive Comparison of Al-Ammal Financial Investments Co's Cash Ratio

For the Capital Markets subindustry, Al-Ammal Financial Investments Co'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-Ammal Financial Investments Co's Cash Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Al-Ammal Financial Investments Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Al-Ammal Financial Investments Co's Cash Ratio falls into.

Al-Ammal Financial Investments Co 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-Ammal Financial Investments Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.764	/	0.43
	=	8.75

Al-Ammal Financial Investments Co's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	4.003	/	0.143
	=	27.99

Al-Ammal Financial Investments Co (AMM:AMAL) 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-Ammal Financial Investments Co Cash Ratio Related Terms

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Al-Ammal Financial Investments Co (AMM:AMAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al-Ammal Financial Investments Co (AMM:AMAL) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Queen Noor Street, Housing Bank Complex, P.O.Box 961598, Amman, JOR, 11196

Website

https://www.alamal.com.jo

Al-Ammal Financial Investments Co is engaged in performing commission brokerage business, dealing with securities for its own account, and providing financial consulting, leasing, and mortgage of movable and immovable assets for the purposes of achieving the Company's objectives. The company has two operating sectors; Financial Brokerage Sector, and Financial Investments Sector. Its revenue includes Brokerage commissions, Margin finance commissions, Margin finance interest, and interest income, Interest income, Dividend revenue, and Other revenue.