GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Senshu Electric Co Ltd (TSE:9824) » Definitions » Cash Ratio

Senshu Electric Co (TSE:9824) Cash Ratio : 0.59 (As of Jan. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Senshu Electric 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. Senshu Electric Co's Cash Ratio for the quarter that ended in Jan. 2024 was 0.59.

Senshu Electric Co has a Cash Ratio of 0.59. 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 Senshu Electric Co's Cash Ratio or its related term are showing as below:

TSE:9824' s Cash Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.61   Max: 0.82
Current: 0.59

During the past 13 years, Senshu Electric Co's highest Cash Ratio was 0.82. The lowest was 0.49. And the median was 0.61.

TSE:9824's Cash Ratio is ranked worse than
54.05% of 2468 companies
in the Hardware industry
Industry Median: 0.66 vs TSE:9824: 0.59

Senshu Electric Co Cash Ratio Historical Data

The historical data trend for Senshu Electric 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.

* Premium members only.

Senshu Electric Co Cash Ratio Chart

Senshu Electric Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.76 0.69 0.59 0.60

Senshu Electric Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.57 0.58 0.60 0.59

Competitive Comparison of Senshu Electric Co's Cash Ratio

For the Electronics & Computer Distribution subindustry, Senshu Electric 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.


Senshu Electric Co's Cash Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Senshu Electric Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Senshu Electric Co's Cash Ratio falls into.



Senshu Electric 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.

Senshu Electric Co's Cash Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash Ratio (A: Oct. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=28543/47713
=0.60

Senshu Electric Co's Cash Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash Ratio (Q: Jan. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=28606/48464
=0.59

* 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.


Senshu Electric Co  (TSE:9824) 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.


Senshu Electric Co Cash Ratio Related Terms

Thank you for viewing the detailed overview of Senshu Electric Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Senshu Electric Co (TSE:9824) Business Description

Traded in Other Exchanges
N/A
Address
1-chome 4 no. 21, Minami- Kaneda, Suita-shi, Osaka, JPN, 564-0044
Senshu Electric Co Ltd engages in the wholesale business of electric wires and other electrical equipment. Its products include wires and cables, electronic restraints, information-related equipment, tapes, conduits, heating units, fan motors, delay lines, air cleaners, telecommunication systems, air conditioning equipment, household electrical appliances, office equipment and others. It also provides installation services; real estate rental business; management and operation of power generation business; and other businesses related to the sale and purchase of electricity.

Senshu Electric Co (TSE:9824) Headlines

No Headlines