Micronics Japan Co has a Cash Ratio of 1.49. 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 Micronics Japan Co's Cash Ratio or its related term are showing as below:
TSE:6871'
s Cash Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.25 Max: 1.78
Current: 1.49
During the past 13 years, Micronics Japan Co's highest Cash Ratio was 1.78. The lowest was 0.81. And the median was 1.25.
TSE:6871's Cash Ratio is ranked better than 61.07% of 989
companies
in the Semiconductors industry
Industry Median: 1.07
vs TSE:6871: 1.49
Micronics Japan Co Cash Ratio Historical Data
The historical data trend for Micronics Japan 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 Micronics Japan Co's Cash Ratio
For the Semiconductor Equipment & Materials subindustry, Micronics Japan 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.
Micronics Japan Co's Cash Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Micronics Japan Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Micronics Japan Co's Cash Ratio falls into.
Micronics Japan 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.
Micronics Japan Co'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.
Micronics Japan Co (TSE:6871) 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.
Micronics Japan Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Micronics Japan Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Micronics Japan Co (TSE:6871) Business Description
Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:6871 has been successfully added to your 