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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. Airgain's Cash Ratio for the quarter that ended in Sep. 2024 was 0.61.
Airgain has a Cash Ratio of 0.61. 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 Airgain's Cash Ratio or its related term are showing as below:
During the past 10 years, Airgain's highest Cash Ratio was 7.88. The lowest was 0.61. And the median was 1.94.
The historical data trend for Airgain'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.
Airgain Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 5.16 | 5.57 | 0.73 | 0.92 | 0.79 |
Airgain Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cash Ratio | Get a 7-Day Free Trial | 1.05 | 0.79 | 0.62 | 0.82 | 0.61 |
For the Communication Equipment subindustry, Airgain'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.
For the Hardware industry and Technology sector, Airgain's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Airgain's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Airgain's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Ratio (A: Dec. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 7.881 | / | 9.991 | |
= | 0.79 |
Airgain's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:
Cash Ratio (Q: Sep. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 7.346 | / | 12.099 | |
= | 0.61 |
* 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.
Airgain (NAS:AIRG) 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.
Thank you for viewing the detailed overview of Airgain's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Elbaz | officer: Chief Financial Officer | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, STE. 150, SAN DIEGO CA 92130 |
Jacob Suen | officer: Sr. VP, Worldwide Sales | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Ali Sadri | officer: Chief Technology Officer | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
James K Sims | director, 10 percent owner | 5400 LEGACY DRIVE, H3-3A-05, PLANO TX 75024 |
T J Chung | director | C/O BRUNSWICK CORP, 1 N FIELD COURT, LAKE FOREST IL 60045 |
Arthur M. Toscanini | director | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Morad Sbahi | officer: SVP, Global Prod. & Marketing | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Kiva A. Allgood | director | C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131 |
Kevin Thill | officer: Sr. VP, Engineering | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
David Lyle | officer: Chief Financial Officer | 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
Anil Doradla | officer: Chief Financial Officer | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Gen3 Capital Partners, Llc | 10 percent owner | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Charles A. Myers | director, officer: President and CEO | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Francis X Egan | director | 20 WINTHROP SQUARE, 2ND FLOOR, BOSTON MA 02110 |
Thomas A Munro | director | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
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