Are Holdings has a Cash Ratio of 0.23. 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 Are Holdings's Cash Ratio or its related term are showing as below:
TSE:5857'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.24 Max: 0.58
Current: 0.23
During the past 13 years, Are Holdings's highest Cash Ratio was 0.58. The lowest was 0.04. And the median was 0.24.
TSE:5857's Cash Ratio is ranked worse than 63.71% of 237
companies
in the Waste Management industry
Industry Median: 0.4
vs TSE:5857: 0.23
Are Holdings Cash Ratio Historical Data
The historical data trend for Are Holdings'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 Are Holdings's Cash Ratio
For the Waste Management subindustry, Are Holdings'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.
Are Holdings's Cash Ratio Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Are Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Are Holdings's Cash Ratio falls into.
Are Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Are Holdings's Cash Ratio for the fiscal year that ended in Mar. 2024 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.
Are Holdings (TSE:5857) 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.
Are Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Are Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
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