Access Engineering has a Cash Ratio of 0.23. 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 Access Engineering's Cash Ratio or its related term are showing as below:
COL:AEL.N0000'
s Cash Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.25 Max: 1.39
Current: 0.23
During the past 13 years, Access Engineering's highest Cash Ratio was 1.39. The lowest was 0.10. And the median was 0.25.
COL:AEL.N0000's Cash Ratio is ranked worse than 60.74% of 1625
companies
in the Construction industry
Industry Median: 0.32
vs COL:AEL.N0000: 0.23
Access Engineering Cash Ratio Historical Data
The historical data trend for Access Engineering'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 Access Engineering's Cash Ratio
For the Engineering & Construction subindustry, Access Engineering'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.
Access Engineering's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Access Engineering's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Access Engineering's Cash Ratio falls into.
Access Engineering Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Access Engineering's Cash Ratio for the fiscal year that ended in Mar. 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.
Access Engineering (COL:AEL.N0000) 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.
Access Engineering Cash Ratio Related Terms
Thank you for viewing the detailed overview of Access Engineering's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Access Engineering (COL:AEL.N0000) Business Description
Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.
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