GEN Restaurant Group has a Cash Ratio of 1.04. 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 GEN Restaurant Group's Cash Ratio or its related term are showing as below:
GENK'
s Cash Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.69 Max: 1.04
Current: 1.04
During the past 5 years, GEN Restaurant Group's highest Cash Ratio was 1.04. The lowest was 0.30. And the median was 0.69.
GENK's Cash Ratio is ranked better than 74.71% of 344
companies
in the Restaurants industry
Industry Median: 0.55
vs GENK: 1.04
GEN Restaurant Group Cash Ratio Historical Data
The historical data trend for GEN Restaurant 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.
Competitive Comparison of GEN Restaurant Group's Cash Ratio
For the Restaurants subindustry, GEN Restaurant 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.
GEN Restaurant Group's Cash Ratio Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, GEN Restaurant Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where GEN Restaurant Group's Cash Ratio falls into.
GEN Restaurant 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.
GEN Restaurant Group'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.
GEN Restaurant Group (NAS:GENK) 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.
GEN Restaurant Group Cash Ratio Related Terms
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GEN Restaurant Group (GEN Restaurant Group) Business Description
GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.
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