Inficon Holding AG has a Cash Ratio of 0.60. 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 Inficon Holding AG's Cash Ratio or its related term are showing as below:
XSWX:IFCN'
s Cash Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.17 Max: 2.32
Current: 0.6
During the past 13 years, Inficon Holding AG's highest Cash Ratio was 2.32. The lowest was 0.32. And the median was 1.17.
XSWX:IFCN's Cash Ratio is ranked worse than 53.22% of 2467
companies
in the Hardware industry
Industry Median: 0.66
vs XSWX:IFCN: 0.60
Inficon Holding AG Cash Ratio Historical Data
The historical data trend for Inficon Holding AG'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 Inficon Holding AG's Cash Ratio
For the Scientific & Technical Instruments subindustry, Inficon Holding AG'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.
Inficon Holding AG's Cash Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inficon Holding AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Inficon Holding AG's Cash Ratio falls into.
Inficon Holding AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Inficon Holding AG'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.
Inficon Holding AG (XSWX:IFCN) 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.
Inficon Holding AG Cash Ratio Related Terms
Thank you for viewing the detailed overview of Inficon Holding AG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Inficon Holding AG (XSWX:IFCN) Business Description
Inficon Holding AG operates in the technology sector in Switzerland. It caters to the scientific equipment industry by offering products that find their use in various industrial applications such as air conditioning, automotive manufacturing, manufacture of LEDs, semiconductors, and optical and solar devices. Its main products are leak detectors and gauges which help reduce the harmful effects of gases on the environment and reduce energy consumption. The other products in its portfolio comprise of chemical detectors, electron beam gun control, mass spectrometers, gas concentration monitors, vacuum gauge controllers and cables, and vacuum transmitters. The Asia Pacific region accounts for most of the company's product sales.
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