Al Yamamah Steel Industries Co has a Cash Ratio of 0.03. 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 Al Yamamah Steel Industries Co's Cash Ratio or its related term are showing as below:
SAU:1304'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.66
Current: 0.03
During the past 9 years, Al Yamamah Steel Industries Co's highest Cash Ratio was 0.66. The lowest was 0.02. And the median was 0.09.
SAU:1304's Cash Ratio is ranked worse than 90.96% of 575
companies
in the Steel industry
Industry Median: 0.26
vs SAU:1304: 0.03
Al Yamamah Steel Industries Co 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.
Competitive Comparison of Al Yamamah Steel Industries Co's Cash Ratio
For the Steel subindustry, Al Yamamah Steel Industries 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 Yamamah Steel Industries Co's Cash Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Al Yamamah Steel Industries Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Al Yamamah Steel Industries Co's Cash Ratio falls into.
Al Yamamah Steel Industries 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.
* 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 Yamamah Steel Industries Co (SAU:1304) 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 Yamamah Steel Industries Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Al Yamamah Steel Industries Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Al Yamamah Steel Industries Co (SAU:1304) Business Description
Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including (poles, lighting cabins, traffic lights, etc.), installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction and Electric. It generates maximum revenue from the Construction segment.
Al Yamamah Steel Industries Co (SAU:1304) Headlines
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