Technical Olympic has a Cash Ratio of 2.37. 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 Technical Olympic's Cash Ratio or its related term are showing as below:
ATH:OLYMP'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 3.38
Current: 2.37
During the past 13 years, Technical Olympic's highest Cash Ratio was 3.38. The lowest was 0.01. And the median was 0.05.
ATH:OLYMP's Cash Ratio is ranked better than 88.69% of 955
companies
in the Transportation industry
Industry Median: 0.55
vs ATH:OLYMP: 2.37
Technical Olympic Cash Ratio Historical Data
The historical data trend for Technical Olympic'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 Technical Olympic's Cash Ratio
For the Marine Shipping subindustry, Technical Olympic'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.
Technical Olympic's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Technical Olympic's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Technical Olympic's Cash Ratio falls into.
Technical Olympic Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Technical Olympic's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Technical Olympic (ATH:OLYMP) 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.
Technical Olympic Cash Ratio Related Terms
Thank you for viewing the detailed overview of Technical Olympic's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Technical Olympic (ATH:OLYMP) Business Description
Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.
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