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Amaero International (ASX:3DA) Cash Ratio : 8.32 (As of Dec. 2023)


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What is Amaero International Cash Ratio?

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. Amaero International's Cash Ratio for the quarter that ended in Dec. 2023 was 8.32.

Amaero International has a Cash Ratio of 8.32. 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 Amaero International's Cash Ratio or its related term are showing as below:

ASX:3DA' s Cash Ratio Range Over the Past 10 Years
Min: 2.42   Med: 4.7   Max: 11.34
Current: 8.32

During the past 5 years, Amaero International's highest Cash Ratio was 11.34. The lowest was 2.42. And the median was 4.70.

ASX:3DA's Cash Ratio is ranked better than
97.56% of 2987 companies
in the Industrial Products industry
Industry Median: 0.54 vs ASX:3DA: 8.32

Amaero International Cash Ratio Historical Data

The historical data trend for Amaero International'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.

* Premium members only.

Amaero International Cash Ratio Chart

Amaero International Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Cash Ratio
26.75 3.23 7.69 5.68 3.95

Amaero International Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only 2.42 5.68 4.26 3.95 8.32

Competitive Comparison of Amaero International's Cash Ratio

For the Specialty Industrial Machinery subindustry, Amaero International'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.


Amaero International's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Amaero International's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Amaero International's Cash Ratio falls into.



Amaero International Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Amaero International's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=8.833/2.239
=3.95

Amaero International's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=11.702/1.407
=8.32

* 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.


Amaero International  (ASX:3DA) 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.


Amaero International Cash Ratio Related Terms

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Amaero International (ASX:3DA) Business Description

Traded in Other Exchanges
Address
13 Normanby Road, Notting Hill, Melbourne, VIC, AUS, 3168
Amaero International Ltd is an Australian based company. It is engaged in the manufacturing of format complex components in metal with laser-based additive manufacturing processes. The firm uses 3D printers to make components out of various metal alloys for its clients, mainly in the Aviation; Defence; Space sectors, and Tool and Die industries. It generates its revenue in the form of research and development, design and prototyping, and 3D printing equipment and consumables among others.

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