Isfelag hfs (OISE:ISF) Cash Ratio : 0.90 (As of Dec. 2023)

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What is Isfelag hfs 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. Isfelag hfs's Cash Ratio for the quarter that ended in Dec. 2023 was 0.90.

Isfelag hfs has a Cash Ratio of 0.90. 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 Isfelag hfs's Cash Ratio or its related term are showing as below:

OISE:ISF' s Cash Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.85 Max: 1.02
Current: 0.9

During the past 4 years, Isfelag hfs's highest Cash Ratio was 1.02. The lowest was 0.50. And the median was 0.85.

OISE:ISF's Cash Ratio is ranked better than
70.61% of 1844 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs OISE:ISF: 0.90

Isfelag hfs Cash Ratio Historical Data

The historical data trend for Isfelag hfs'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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Isfelag hfs Cash Ratio Chart

Isfelag hfs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash Ratio

0.50

0.79

1.02

0.90

Isfelag hfs Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Cash Ratio	0.50	0.79	1.02	0.34	0.90

Competitive Comparison of Isfelag hfs's Cash Ratio

For the Packaged Foods subindustry, Isfelag hfs'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.

Isfelag hfs's Cash Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Isfelag hfs's Cash Ratio falls into.

Isfelag hfs Cash Ratio Calculation

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

Isfelag hfs'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
	=	6138.433	/	6816.874
	=	0.90

Isfelag hfs'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
	=	6138.433	/	6816.874
	=	0.90

Isfelag hfs (OISE:ISF) 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.

Isfelag hfs Cash Ratio Related Terms

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Isfelag hfs (OISE:ISF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Isfelag hfs (OISE:ISF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tangagata 1, Vestmannaeyjar, ISL, 900

Website

https://www.isfelag.is

Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

Isfelag hfs (OISE:ISF) Headlines

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