KGHM Polska Miedz has a Cash Ratio of 0.15. 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 KGHM Polska Miedz's Cash Ratio or its related term are showing as below:
WAR:KGH'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.33
Current: 0.15
During the past 13 years, KGHM Polska Miedz's highest Cash Ratio was 0.33. The lowest was 0.09. And the median was 0.16.
WAR:KGH's Cash Ratio is ranked worse than 81.56% of 2598
companies
in the Metals & Mining industry
Industry Median: 1.255
vs WAR:KGH: 0.15
KGHM Polska Miedz Cash Ratio Historical Data
The historical data trend for KGHM Polska Miedz'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 KGHM Polska Miedz's Cash Ratio
For the Copper subindustry, KGHM Polska Miedz'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.
KGHM Polska Miedz's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Cash Ratio distribution charts can be found below:
* The bar in red indicates where KGHM Polska Miedz's Cash Ratio falls into.
KGHM Polska Miedz Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
KGHM Polska Miedz's Cash Ratio for the fiscal year that ended in Dec. 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.
KGHM Polska Miedz (WAR:KGH) 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.
KGHM Polska Miedz Cash Ratio Related Terms
Thank you for viewing the detailed overview of KGHM Polska Miedz's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WAR:KGH has been successfully added to your 