JM Holdings Co has a Cash Ratio of 1.08. 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 JM Holdings Co's Cash Ratio or its related term are showing as below:
TSE:3539'
s Cash Ratio Range Over the Past 10 Years
Min: 0.74 Med: 1.02 Max: 1.19
Current: 1.08
During the past 9 years, JM Holdings Co's highest Cash Ratio was 1.19. The lowest was 0.74. And the median was 1.02.
TSE:3539's Cash Ratio is ranked better than 81.25% of 304
companies
in the Retail - Defensive industry
Industry Median: 0.28
vs TSE:3539: 1.08
JM Holdings Co Cash Ratio Historical Data
The historical data trend for JM Holdings 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.
Competitive Comparison of JM Holdings Co's Cash Ratio
For the Grocery Stores subindustry, JM Holdings 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.
JM Holdings Co's Cash Ratio Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, JM Holdings Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where JM Holdings Co's Cash Ratio falls into.
JM Holdings 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.
JM Holdings Co's Cash Ratio for the fiscal year that ended in Jul. 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.
JM Holdings Co (TSE:3539) 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.
JM Holdings Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of JM Holdings Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.
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