JOST Werke SE has a Cash Ratio of 0.44. 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 JOST Werke SE's Cash Ratio or its related term are showing as below:
XTER:JST'
s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.37 Max: 0.98
Current: 0.44
During the past 10 years, JOST Werke SE's highest Cash Ratio was 0.98. The lowest was 0.23. And the median was 0.37.
XTER:JST's Cash Ratio is ranked better than 55.7% of 1280
companies
in the Vehicles & Parts industry
Industry Median: 0.36
vs XTER:JST: 0.44
JOST Werke SE Cash Ratio Historical Data
The historical data trend for JOST Werke SE'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 JOST Werke SE's Cash Ratio
For the Auto Parts subindustry, JOST Werke SE'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.
JOST Werke SE's Cash Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, JOST Werke SE's Cash Ratio distribution charts can be found below:
* The bar in red indicates where JOST Werke SE's Cash Ratio falls into.
JOST Werke SE Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
JOST Werke SE'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.
JOST Werke SE (XTER:JST) 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.
JOST Werke SE Cash Ratio Related Terms
Thank you for viewing the detailed overview of JOST Werke SE's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger. The company generates majority of its sales revenue from the Europe.
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