Bridgepoint Group (LSE:BPT) Cash Ratio : 4.72 (As of Dec. 2023)

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What is Bridgepoint Group 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. Bridgepoint Group's Cash Ratio for the quarter that ended in Dec. 2023 was 4.72.

Bridgepoint Group has a Cash Ratio of 4.72. 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 Bridgepoint Group's Cash Ratio or its related term are showing as below:

LSE:BPT' s Cash Ratio Range Over the Past 10 Years
Min: 0.17 Med: 2.52 Max: 4.72
Current: 4.72

During the past 6 years, Bridgepoint Group's highest Cash Ratio was 4.72. The lowest was 0.17. And the median was 2.52.

LSE:BPT's Cash Ratio is ranked better than
67.72% of 666 companies
in the Asset Management industry
Industry Median: 1.57 vs LSE:BPT: 4.72

Bridgepoint Group Cash Ratio Historical Data

The historical data trend for Bridgepoint Group'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.

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Bridgepoint Group Cash Ratio Chart

Bridgepoint Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

Get a 7-Day Free Trial

0.17

1.02

4.64

4.02

4.72

Bridgepoint Group Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial				4.64	8.57	4.02	5.56	4.72

Competitive Comparison of Bridgepoint Group's Cash Ratio

For the Asset Management subindustry, Bridgepoint Group'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.

Bridgepoint Group's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bridgepoint Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Bridgepoint Group's Cash Ratio falls into.

Bridgepoint Group Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Bridgepoint Group's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1595.1	/	337.7
	=	4.72

Bridgepoint Group's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1595.1	/	337.7
	=	4.72

Bridgepoint Group (LSE:BPT) 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.

Bridgepoint Group Cash Ratio Related Terms

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Bridgepoint Group (LSE:BPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bridgepoint Group PLC (LSE:BPT) » Definitions » Cash Ratio

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BPTl:UK 8XW:Germany

Address

5 Marble Arch, London, GBR, W1H 7EJ

Website

https://www.bridgepoint.eu

Bridgepoint Group PLC is an international alternative asset fund management group, providing private equity and private debt lending solutions to the middle market. It invests in six principal sectors - business services, consumer, financial services, healthcare, medtech and pharma, manufacturing and industrials and digital, technology, and media via a platform of offices in Europe, the U.S, and China.