Fast Retailing Co has a Cash Ratio of 2.20. 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 Fast Retailing Co's Cash Ratio or its related term are showing as below:
FRCOF'
s Cash Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.94 Max: 2.82
Current: 2.2
During the past 13 years, Fast Retailing Co's highest Cash Ratio was 2.82. The lowest was 1.04. And the median was 1.94.
FRCOF's Cash Ratio is ranked better than 91.51% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 0.38
vs FRCOF: 2.20
Fast Retailing Co Cash Ratio Historical Data
The historical data trend for Fast Retailing 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.
Competitive Comparison of Fast Retailing Co's Cash Ratio
For the Apparel Retail subindustry, Fast Retailing 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.
Fast Retailing Co's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fast Retailing Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Fast Retailing Co's Cash Ratio falls into.
Fast Retailing Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Fast Retailing Co's Cash Ratio for the fiscal year that ended in Aug. 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.
Fast Retailing Co (OTCPK:FRCOF) 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.
Fast Retailing Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Fast Retailing Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fast Retailing Co (Fast Retailing Co) Business Description
Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).
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