SODEP -Marsa Maroc has a Cash Ratio of 1.94. 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 SODEP -Marsa Maroc's Cash Ratio or its related term are showing as below:
CAS:MSA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.28 Max: 2.15
Current: 1.94
During the past 9 years, SODEP -Marsa Maroc's highest Cash Ratio was 2.15. The lowest was 0.88. And the median was 1.28.
CAS:MSA's Cash Ratio is ranked better than 86.6% of 970
companies
in the Transportation industry
Industry Median: 0.54
vs CAS:MSA: 1.94
SODEP -Marsa Maroc Cash Ratio Historical Data
The historical data trend for SODEP -Marsa Maroc'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 SODEP -Marsa Maroc's Cash Ratio
For the Marine Shipping subindustry, SODEP -Marsa Maroc'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.
SODEP -Marsa Maroc's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, SODEP -Marsa Maroc's Cash Ratio distribution charts can be found below:
* The bar in red indicates where SODEP -Marsa Maroc's Cash Ratio falls into.
SODEP -Marsa Maroc Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
SODEP -Marsa Maroc'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.
SODEP -Marsa Maroc (CAS:MSA) 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.
SODEP -Marsa Maroc Cash Ratio Related Terms
Thank you for viewing the detailed overview of SODEP -Marsa Maroc's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SODEP -Marsa Maroc SA is engaged in the management of port terminals. The company offers its customers, importers and exporters, ship owners and shipping agents, freight forwarders, and logistics companies, a wide range of port logistics services. The services offered fall into two categories: services to ships such as piloting, towing, mooring and refueling; and services to goods which includes basic services like handling on board ships and on the dockside, storing, pointing, weighing, stuffing and unstuffing of containers and other related services. The company's segment consists of container, solid bulk, conventional, liquid bulk, Ro-Ro, passengers.
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