PRG PCL (BKK:PRG) Cash Ratio : 0.03 (As of Dec. 2023)

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What is PRG PCL 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. PRG PCL's Cash Ratio for the quarter that ended in Dec. 2023 was 0.03.

PRG PCL has a Cash Ratio of 0.03. 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 PRG PCL's Cash Ratio or its related term are showing as below:

BKK:PRG' s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.59
Current: 0.03

During the past 13 years, PRG PCL's highest Cash Ratio was 0.59. The lowest was 0.02. And the median was 0.04.

BKK:PRG's Cash Ratio is ranked worse than
91.03% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs BKK:PRG: 0.03

PRG PCL Cash Ratio Historical Data

The historical data trend for PRG PCL'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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PRG PCL Cash Ratio Chart

PRG PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.04

0.25

0.59

0.03

PRG PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Ratio	Get a 7-Day Free Trial															0.03	0.01	0.03	0.02	0.03

Competitive Comparison of PRG PCL's Cash Ratio

For the Packaged Foods subindustry, PRG PCL'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.

PRG PCL's Cash Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PRG PCL's Cash Ratio distribution charts can be found below:

* The bar in red indicates where PRG PCL's Cash Ratio falls into.

PRG PCL Cash Ratio Calculation

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

PRG PCL'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
	=	34.474	/	1005.23
	=	0.03

PRG PCL'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
	=	34.474	/	1005.23
	=	0.03

PRG PCL (BKK:PRG) 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.

PRG PCL Cash Ratio Related Terms

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PRG PCL (BKK:PRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PRG Corp PCL (BKK:PRG) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

88, Moo 2, Tiwanont Road, Bangkadee Sub-District, Muang District, Pathumtani, THA, 12000

Website

http://www.prg.co.th

PRG Corp PCL is engaged in the processing and packaging of rice and related business. The company has three reportable segments: Improving the quality and packaging of milled rice including Organic rice, Japanese rice, Quinoa rice, White rice, Hom Mali rice, Maboonkrong rice, and other products; and Food Center business includes Suki Number One, MBK Food Island, The Fifth Food Avenue, and HINA Japanese Restaurant and Asset management. Geographically, it operates in Thailand, the United States, Canada, Europe, Asia Pacific, and other regions. PRG Corp PCL generates the majority of its revenue from Improving the quality and packaging of rice from the Thailand region.