Industria De Diseno Textil has a Cash Ratio of 1.28. 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 Industria De Diseno Textil's Cash Ratio or its related term are showing as below:
IDEXY'
s Cash Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.19 Max: 1.28
Current: 1.28
During the past 13 years, Industria De Diseno Textil's highest Cash Ratio was 1.28. The lowest was 1.07. And the median was 1.19.
IDEXY's Cash Ratio is ranked better than 81.83% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 0.38
vs IDEXY: 1.28
Industria De Diseno Textil Cash Ratio Historical Data
* 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 Industria De Diseno Textil's Cash Ratio
For the Apparel Retail subindustry, Industria De Diseno Textil'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.
Industria De Diseno Textil's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Industria De Diseno Textil's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Industria De Diseno Textil's Cash Ratio falls into.
Industria De Diseno Textil Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Industria De Diseno Textil (OTCPK:IDEXY) 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.
Industria De Diseno Textil Cash Ratio Related Terms
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Industria De Diseno Textil (Industria De Diseno Textil) Business Description
Inditex is a multibrand fashion conglomerate, founded in 1985. Zara is its flagship brand (including Zara Home), generating just over 70% of revenue and 75% of profits. Other brands include Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterque. The company operates through 5,800-plus stores globally, over 1,800 of them belonging to the Zara brand. Sixty-five percent of revenue is generated in the European home market, while the Americas and Asia contribute 20% and 14%, respectively. The company keeps design in house while mostly outsourcing manufacturing (own manufacturing constitutes only a low-single-digit percentage of output). Over 50% of sourcing factories are in proximity to the company's headquarters in Spain.
Industria De Diseno Textil (Industria De Diseno Textil) Headlines
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