Alphinat has a Cash Ratio of 0.03. 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 Alphinat's Cash Ratio or its related term are showing as below:
APHTF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.09
Current: 0.03
During the past 13 years, Alphinat's highest Cash Ratio was 0.09. The lowest was 0.01. And the median was 0.04.
APHTF's Cash Ratio is not ranked
in the Software industry.
Industry Median: 0.76
vs APHTF: 0.03
Alphinat Cash Ratio Historical Data
The historical data trend for Alphinat'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.
For the Software - Application subindustry, Alphinat'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.
Alphinat's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Alphinat's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Alphinat's Cash Ratio falls into.
Alphinat Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Alphinat's Cash Ratio for the fiscal year that ended in Aug. 2022 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.
Alphinat (OTCPK:APHTF) 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.
Alphinat Cash Ratio Related Terms
Thank you for viewing the detailed overview of Alphinat's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Alphinat Inc is a software company that has developed the SmartGuide suite that allows the user to create web applications and self-service tools that automate interactions between an organization and its customers, employees, and partners. Its software suite simplifies, accelerates and improves interactions with all business constituents. The company technology provides solutions to the public sector, healthcare, telecommunications, and financial institutions. It derives the majority of its revenue from solutions provider for Public Sector Agencies. Geographically, it generates maximum revenue from Canada and also has a presence in France, the United States, and Other Countries.
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