Mayr-Melnhof Karton AG has a Cash Ratio of 0.63. 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 Mayr-Melnhof Karton AG's Cash Ratio or its related term are showing as below:
WBO:MMK'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.53 Max: 2.18
Current: 0.63
During the past 13 years, Mayr-Melnhof Karton AG's highest Cash Ratio was 2.18. The lowest was 0.09. And the median was 0.53.
WBO:MMK's Cash Ratio is ranked better than 65.26% of 380
companies
in the Packaging & Containers industry
Industry Median: 0.33
vs WBO:MMK: 0.63
* 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 Mayr-Melnhof Karton AG's Cash Ratio
For the Packaging & Containers subindustry, Mayr-Melnhof Karton AG'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.
Mayr-Melnhof Karton AG's Cash Ratio Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Mayr-Melnhof Karton AG's Cash Ratio falls into.
Mayr-Melnhof Karton AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Mayr-Melnhof Karton AG'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.
Mayr-Melnhof Karton AG (WBO:MMK) 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.
Mayr-Melnhof Karton AG Cash Ratio Related Terms
Thank you for viewing the detailed overview of Mayr-Melnhof Karton AG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mayr-Melnhof Karton AG (WBO:MMK) Business Description
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WBO:MMK has been successfully added to your 