Village Farms International has a Cash Ratio of 0.37. 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 Village Farms International's Cash Ratio or its related term are showing as below:
VFF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: 2.34
Current: 0.37
During the past 13 years, Village Farms International's highest Cash Ratio was 2.34. The lowest was 0.16. And the median was 0.34.
VFF's Cash Ratio is ranked worse than 50.46% of 1843
companies
in the Consumer Packaged Goods industry
Industry Median: 0.38
vs VFF: 0.37
Village Farms International 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 Village Farms International's Cash Ratio
For the Farm Products subindustry, Village Farms International'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.
Village Farms International's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Village Farms International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Village Farms International's Cash Ratio falls into.
Village Farms International 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.
Village Farms International (NAS:VFF) 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.
Village Farms International Cash Ratio Related Terms
Thank you for viewing the detailed overview of Village Farms International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Village Farms International (Village Farms International) Business Description
Village Farms International Inc owns and operates intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated licensed producer and supplier of cannabis products sold to other licensed providers and provincial governments across Canada and internationally. The Company's wholly owned subsidiary, Balanced Health, develops and sells, cannabidiol (CBD) based products including ingestible, edible and topical applications. Through its 70% ownership of Rose, the Company has a presence in the Province of Quebec as a cannabis supplier, producer and commercialization.
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