Oneview Healthcare has a Cash Ratio of 0.98. 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 Oneview Healthcare's Cash Ratio or its related term are showing as below:
ASX:ONE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.36 Max: 7.28
Current: 0.98
During the past 8 years, Oneview Healthcare's highest Cash Ratio was 7.28. The lowest was 0.78. And the median was 1.36.
ASX:ONE's Cash Ratio is ranked better than 67.02% of 655
companies
in the Healthcare Providers & Services industry
Industry Median: 0.5
vs ASX:ONE: 0.98
Oneview Healthcare Cash Ratio Historical Data
The historical data trend for Oneview Healthcare'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.
Competitive Comparison of Oneview Healthcare's Cash Ratio
For the Health Information Services subindustry, Oneview Healthcare'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.
Oneview Healthcare's Cash Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Oneview Healthcare's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Oneview Healthcare's Cash Ratio falls into.
Oneview Healthcare Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Oneview Healthcare's Cash Ratio for the fiscal year that ended in Dec. 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.
Oneview Healthcare (ASX:ONE) 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.
Oneview Healthcare Cash Ratio Related Terms
Thank you for viewing the detailed overview of Oneview Healthcare's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Oneview Healthcare PLC provides patient engagement and clinical workflow technology solutions to healthcare facilities. It provides various solutions such as Inpatient Solution, Outpatient Solution, Clinical Pathways, and others. The company generates its revenue in the form of software usage and content revenue, support income, and license fees. Geographically the company operates in Ireland, the United States, Australia, and the Middle East, and Asia. Generating, a majority of its revenue is from Australia. The group has one reportable segment which provides a patient engagement solution for the healthcare sector.
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