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UMeWorld (UMeWorld) Cash Ratio : 0.13 (As of Sep. 2023)


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What is UMeWorld 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. UMeWorld's Cash Ratio for the quarter that ended in Sep. 2023 was 0.13.

UMeWorld has a Cash Ratio of 0.13. 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 UMeWorld's Cash Ratio or its related term are showing as below:

UMEWF' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.05   Max: 0.94
Current: 0.13

During the past 13 years, UMeWorld's highest Cash Ratio was 0.94. The lowest was 0.01. And the median was 0.05.

UMEWF's Cash Ratio is ranked worse than
73.94% of 1796 companies
in the Consumer Packaged Goods industry
Industry Median: 0.37 vs UMEWF: 0.13

UMeWorld Cash Ratio Historical Data

The historical data trend for UMeWorld'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.

UMeWorld Cash Ratio Chart

UMeWorld Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.05 0.03 0.01 0.13

UMeWorld Semi-Annual Data
Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.05 0.03 0.01 0.13

Competitive Comparison of UMeWorld's Cash Ratio

For the Packaged Foods subindustry, UMeWorld'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.


UMeWorld's Cash Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, UMeWorld's Cash Ratio distribution charts can be found below:

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



UMeWorld Cash Ratio Calculation

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

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

Cash Ratio (A: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.057/0.435
=0.13

UMeWorld's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.057/0.435
=0.13

* 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.


UMeWorld  (OTCPK:UMEWF) 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.


UMeWorld Cash Ratio Related Terms

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UMeWorld (UMeWorld) Business Description

Traded in Other Exchanges
N/A
Address
28 Yee Wo Street, Unit B, 12th Floor, Hang Seng Causeway Bay Building, Causeway Bay, Hong Kong, HKG
UMeWorld Ltd is an internet technology company. It has developed a UMFun, the kindergarten-to-grade (K-12) product of the company which is a cloud-based, adaptive learning and assessment platform which analyzes and adapts to a student's performance and personalizes the delivery of proprietary educational items in accordance with the student's learning needs. The company offers UMFun's off-school version to Chinese K-12 students through China Mobile. Its other products are UMTang, UEXiao, and 17Speech.
Executives
Sandro Persia officer: Secretary & Treasurer 10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
John David Milroy director
Marcel Urbanc officer: Chief Financial Officer
Sai Ming Wong other: Former Director & Officer 10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Michael Weisspapir officer: Chief Medical Scientist CO/ EASGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109
Man Ching Lee director, 10 percent owner, officer: President 10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Keith Ford Moore director NEUMARKET, ONT CANADA, L3Y 1J8 A6 00000
Joseph Schwarz officer: Chief Scientist CO/ EASTGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109