Trio-Tech International 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 Trio-Tech International's Cash Ratio or its related term are showing as below:
TRT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.91 Max: 1.62
Current: 1.3
During the past 13 years, Trio-Tech International's highest Cash Ratio was 1.62. The lowest was 0.24. And the median was 0.91.
TRT's Cash Ratio is ranked better than 56.26% of 990
companies
in the Semiconductors industry
Industry Median: 1.09
vs TRT: 1.30
Trio-Tech International Cash Ratio Historical Data
* 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.
Competitive Comparison of Trio-Tech International's Cash Ratio
For the Semiconductor Equipment & Materials subindustry, Trio-Tech 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.
Trio-Tech International's Cash Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Trio-Tech International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Trio-Tech International's Cash Ratio falls into.
Trio-Tech 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.
Trio-Tech International's Cash Ratio for the fiscal year that ended in Jun. 2023 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.
Trio-Tech International (AMEX:TRT) 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.
Trio-Tech International Cash Ratio Related Terms
Thank you for viewing the detailed overview of Trio-Tech International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Trio-Tech International (Trio-Tech International) Business Description
Trio-Tech International is a provider of third-party semiconductor testing and burn-in services through its laboratories in Southeast Asia. The company operates in four segments namely Manufacturing, Testing services, Distribution, and Real Estate. Its Manufacturing segment manufactures both front-end and back-end semiconductor test equipment and related peripherals. The Testing segment renders services to the manufacturer and purchaser of semiconductors and other entities. Its Distribution segment is involved in the distribution of its products. The company's Real Estate segment consists of investment in real estate. Its geographical area of operations includes the United States, Singapore, Malaysia, Thailand, and China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TRT has been successfully added to your 