AMTD Digital (AMTD Digital) Cash Ratio : 1.30 (As of Oct. 2023)

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What is AMTD Digital 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. AMTD Digital's Cash Ratio for the quarter that ended in Oct. 2023 was 1.30.

AMTD Digital has a Cash Ratio of 1.30. 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 AMTD Digital's Cash Ratio or its related term are showing as below:

HKD' s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 1.17 Max: 13.97
Current: 1.3

During the past 5 years, AMTD Digital's highest Cash Ratio was 13.97. The lowest was 0.06. And the median was 1.17.

HKD's Cash Ratio is ranked better than
66.32% of 2681 companies
in the Software industry
Industry Median: 0.74 vs HKD: 1.30

AMTD Digital Cash Ratio Historical Data

The historical data trend for AMTD Digital'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.

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AMTD Digital Cash Ratio Chart

AMTD Digital Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Cash Ratio

0.06

0.09

3.17

1.16

1.17

AMTD Digital Semi-Annual Data
	Apr19	Apr20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash Ratio	Get a 7-Day Free Trial			-	1.16	13.97	1.17	1.30

Competitive Comparison of AMTD Digital's Cash Ratio

For the Software - Application subindustry, AMTD Digital'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.

AMTD Digital's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, AMTD Digital's Cash Ratio distribution charts can be found below:

* The bar in red indicates where AMTD Digital's Cash Ratio falls into.

AMTD Digital Cash Ratio Calculation

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

AMTD Digital's Cash Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Cash Ratio (A: Apr. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	162.958	/	139.543
	=	1.17

AMTD Digital's Cash Ratio for the quarter that ended in Oct. 2023 is calculated as:

Cash Ratio (Q: Oct. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	141.479	/	108.735
	=	1.30

AMTD Digital (NYSE:HKD) 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.

AMTD Digital Cash Ratio Related Terms

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AMTD Digital (AMTD Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AMTD Digital Inc (NYSE:HKD) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

27-29 rue de Bassano, Paris, FRA

Website

https://www.amtdigital.net

AMTD Digital Inc is a comprehensive digital solutions platform in Asia with businesses spanning multiple verticals, including digital financial services, SpiderNet ecosystem solutions, digital media, content, and marketing, and digital investments.