Bor Seker AS (IST:BORSK) Cash Ratio : 0.59 (As of Sep. 2023)

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What is Bor Seker AS 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. Bor Seker AS's Cash Ratio for the quarter that ended in Sep. 2023 was 0.59.

Bor Seker AS has a Cash Ratio of 0.59. 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 Bor Seker AS's Cash Ratio or its related term are showing as below:

IST:BORSK' s Cash Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.4 Max: 0.59
Current: 0.59

During the past 3 years, Bor Seker AS's highest Cash Ratio was 0.59. The lowest was 0.21. And the median was 0.40.

IST:BORSK's Cash Ratio is ranked better than
60.28% of 1800 companies
in the Consumer Packaged Goods industry
Industry Median: 0.375 vs IST:BORSK: 0.59

Bor Seker AS Cash Ratio Historical Data

The historical data trend for Bor Seker AS'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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Bor Seker AS Cash Ratio Chart

Bor Seker AS Annual Data

Trend

Mar21

Mar22

Mar23

Cash Ratio

0.21

Bor Seker AS Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash Ratio	-	-	-	0.21	0.59

Competitive Comparison of Bor Seker AS's Cash Ratio

For the Confectioners subindustry, Bor Seker AS'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.

Bor Seker AS's Cash Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Bor Seker AS's Cash Ratio falls into.

Bor Seker AS Cash Ratio Calculation

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

Bor Seker AS's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	80.197	/	382.559
	=	0.21

Bor Seker AS's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	393.173	/	664.26
	=	0.59

Bor Seker AS (IST:BORSK) 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.

Bor Seker AS Cash Ratio Related Terms

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Bor Seker AS (IST:BORSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bor Seker AS (IST:BORSK) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Bor Seker AS is a company whose main activities are producing and trading crystal, granulated and cube sugar, fresh pulp, which is a by product of the sugar industry, dry pulp, molasses, dry molasses pulp, limestone, electricity production and trade of seeds and fertilizers. The products produced by the company are as follows which are crystal sugar, cube sugar, molasses, beet pulp.

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