PAL (Proficient Auto Logistics) Cash per Share : $0.62 (As of Sep. 2024)

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What is Proficient Auto Logistics Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Proficient Auto Logistics's Cash per Share for the quarter that ended in Sep. 2024 was $0.62.

Proficient Auto Logistics Cash per Share Historical Data

The historical data trend for Proficient Auto Logistics's Cash per Share 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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Proficient Auto Logistics Cash per Share Chart

Proficient Auto Logistics Annual Data

Trend

Dec23

Cash per Share

1.10

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash per Share	Get a 7-Day Free Trial			-	1.10	-	1.40	0.62

Proficient Auto Logistics Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Proficient Auto Logistics's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	26.605	/	24.1
	=	1.10

Proficient Auto Logistics's Cash per Share for the quarter that ended in Sep. 2024 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	16.848	/	27.0
	=	0.62

Proficient Auto Logistics (NAS:PAL) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Proficient Auto Logistics Cash per Share Related Terms

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.