DriveItAway Holdings (DriveItAway Holdings) Cash Ratio : 0.00 (As of Mar. 2024)

DriveItAway Holdings Cash Ratio Chart

DriveItAway Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Ratio	Get a 7-Day Free Trial								0.01	-	-	0.02	-

Competitive Comparison of DriveItAway Holdings's Cash Ratio

For the Rental & Leasing Services subindustry, DriveItAway Holdings'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.

DriveItAway Holdings's Cash Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DriveItAway Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where DriveItAway Holdings's Cash Ratio falls into.

DriveItAway Holdings Cash Ratio Calculation

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

DriveItAway Holdings's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

DriveItAway Holdings's Cash Ratio for the quarter 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.

DriveItAway Holdings  (OTCPK:DWAY) 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.

DriveItAway Holdings Cash Ratio Related Terms

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DriveItAway Holdings (DriveItAway Holdings) Business Description