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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. The Scotts Miracle Gro Co's Cash Ratio for the quarter that ended in Jun. 2024 was 0.33.
The Scotts Miracle Gro Co has a Cash Ratio of 0.33. 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 The Scotts Miracle Gro Co's Cash Ratio or its related term are showing as below:
During the past 13 years, The Scotts Miracle Gro Co's highest Cash Ratio was 0.33. The lowest was 0.01. And the median was 0.04.
The historical data trend for The Scotts Miracle Gro Co'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.
The Scotts Miracle Gro Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 0.03 | 0.02 | 0.21 | 0.09 | 0.04 |
The Scotts Miracle Gro Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash Ratio | Get a 7-Day Free Trial | 0.02 | 0.04 | 0.01 | 0.06 | 0.33 |
For the Agricultural Inputs subindustry, The Scotts Miracle Gro Co'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.
For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where The Scotts Miracle Gro Co's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
The Scotts Miracle Gro Co's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:
Cash Ratio (A: Sep. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 31.9 | / | 773.7 | |
= | 0.04 |
The Scotts Miracle Gro Co's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:
Cash Ratio (Q: Jun. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 279.9 | / | 854.4 | |
= | 0.33 |
* 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.
The Scotts Miracle Gro Co (NYSE:SMG) 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.
Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nathan Eric Baxter | 10 percent owner | C/O HAGEDORN PARTNERSHIP, L.P., 800 PORT WASHINGTON BOULEVARD, PORT WASHINGTON NY 11050 |
Hagedorn Partnerships L P | 10 percent owner | SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050 |
Stephen L Johnson | director | 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
Nancy G. Mistretta | director | 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
Kelly Thomas N Jr | director | C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
James Hagedorn | director, 10 percent owner, officer: President and CEO | C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
Julie Demuesy | officer: SVP, CHIEF HUMAN RESOURCES | 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041 |
Mark D Kingdon | director | 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041 |
Edith Aviles | director | 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
Dimiter Todorov | officer: EVP, GC & CORPORATE SECRETARY | 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041 |
Matthew E Garth | officer: EVP & CFO | 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017 |
David C Evans | officer: EVP and CFO | C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
Peter E Shumlin | director | 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
Brian E Sandoval | director | 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041 |
James D King | officer: EVP and CCO | 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041 |
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