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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Casella Waste Systems's Cash Ratio for the quarter that ended in Jun. 2024 was 0.77.
Casella Waste Systems has a Cash Ratio of 0.77. 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 Casella Waste Systems's Cash Ratio or its related term are showing as below:
During the past 13 years, Casella Waste Systems's highest Cash Ratio was 2.12. The lowest was 0.02. And the median was 0.04.
The historical data trend for Casella Waste Systems'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.
Casella Waste Systems Annual Data | |||||||||||||||||||||
Trend | Apr14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 0.03 | 1.18 | 0.22 | 0.40 | 0.79 |
Casella Waste Systems Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash Ratio | Get a 7-Day Free Trial | 2.12 | 0.87 | 0.79 | 0.78 | 0.77 |
For the Waste Management subindustry, Casella Waste Systems'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.
For the Waste Management industry and Industrials sector, Casella Waste Systems's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Casella Waste Systems's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Casella Waste Systems's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Ratio (A: Dec. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 220.912 | / | 278.858 | |
= | 0.79 |
Casella Waste Systems's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:
Cash Ratio (Q: Jun. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 208.502 | / | 269.688 | |
= | 0.77 |
* 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.
Casella Waste Systems (NAS:CWST) 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.
Thank you for viewing the detailed overview of Casella Waste Systems's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin Drohan | officer: VP & CHIEF ACCOUNTING OFFICER | C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
Sean Steves | officer: Sr VP & COO of SW Ops | C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
Paul Ligon | officer: SR VP & CHIEF REVENUE OFFICER | C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
Shelley E. Sayward | officer: SENIOR VP & GENERAL COUNSEL | C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
Edmond Coletta | officer: PRESIDENT & CFO | CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
John W Casella | director, officer: CHIEF EXECUTIVE OFFICER | CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LN, RUTLAND VT 05701 |
Douglas R Casella | director, officer: VICE CHAIRMAN, BD OF DIRECTORS | CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LN, RUTLAND VT 05701 |
Bradford John Helgeson | officer: Executive VP and CFO | 30 ESSEX PLACE, BASKING RIDGE NJ 07920 |
William P Hulligan | director | 25 GREENS HILL LANE, RUTLAND VT 05701 |
Rose M. Kirk | director | C/O CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
Joseph Doody | director | CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701 |
Gary Sova | director | CASELLA WASTE SYSTEMS, INC., 25 GREENS HILL LANE, RUTLAND VT 05701 |
Michael Louis Battles | director | 45 WILLIAM STREET, WELLESLEY MA 02481 |
Emily Nagle Green | director | CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701 |
Michael K Burke | director | C/O LANDAUER, INC., 2 SCIENCE ROAD, GLENWOOD IL 60425 |
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