Oriental Land Co has a Cash Ratio of 1.87. 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 Oriental Land Co's Cash Ratio or its related term are showing as below:
TSE:4661'
s Cash Ratio Range Over the Past 10 Years
Min: 1.61 Med: 2.25 Max: 2.8
Current: 1.61
During the past 13 years, Oriental Land Co's highest Cash Ratio was 2.80. The lowest was 1.61. And the median was 2.25.
TSE:4661's Cash Ratio is ranked better than 81.3% of 813
companies
in the Travel & Leisure industry
Industry Median: 0.57
vs TSE:4661: 1.61
Oriental Land Co Cash Ratio Historical Data
The historical data trend for Oriental Land 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 Oriental Land Co's Cash Ratio
For the Leisure subindustry, Oriental Land 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.
Oriental Land Co's Cash Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Oriental Land Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Oriental Land Co's Cash Ratio falls into.
Oriental Land 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.
Oriental Land Co's Cash Ratio for the fiscal year that ended in Mar. 2024 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.
Oriental Land Co (TSE:4661) 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.
Oriental Land Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Oriental Land Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Oriental Land Co Ltd is a Japan-based company operates Tokyo Disney Resort. Segments in which the group functions include Theme Park, Hotel Business, and Other Business. Theme Park segment is engaged in the operation and management of Tokyo Disneyland and Tokyo DisneySea theme Parks. The Hotel segment operates and manages hotels such as Ambassador Hotel, Urayasu Brighton Hotel, Kyoto Brighton Hotel and others. In addition, it also operates shopping complex which composed of shops and restaurants as well as a cinema complex and offers monorail service around Tokyo Disney Resort. Oriental generates the majority of revenue through Theme Park segment.
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