Aurora Innovation has a Cash Ratio of 11.65. 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 Aurora Innovation's Cash Ratio or its related term are showing as below:
AUR'
s Cash Ratio Range Over the Past 10 Years
Min: 10.81 Med: 12.12 Max: 17.69
Current: 11.65
During the past 6 years, Aurora Innovation's highest Cash Ratio was 17.69. The lowest was 10.81. And the median was 12.12.
AUR's Cash Ratio is ranked better than 98.52% of 2761
companies
in the Software industry
Industry Median: 0.77
vs AUR: 11.65
Aurora Innovation Cash Ratio Historical Data
The historical data trend for Aurora Innovation'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 Aurora Innovation's Cash Ratio
For the Information Technology Services subindustry, Aurora Innovation'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.
Aurora Innovation's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Aurora Innovation's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Aurora Innovation's Cash Ratio falls into.
Aurora Innovation Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Aurora Innovation's Cash Ratio for the fiscal year that ended in Dec. 2024 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.
Aurora Innovation (NAS:AUR) 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.
Aurora Innovation Cash Ratio Related Terms
Thank you for viewing the detailed overview of Aurora Innovation's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Aurora Innovation Inc delivers self-driving technology safely, quickly, and broadly. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles. It underpins Aurora Horizon and Aurora Connect, its driver-as-a-service products for trucking and ride-hailing. The Company is developing the Aurora Driver, an advanced and scalable suite of self-driving hardware, software, and data services designed as a platform to adapt and interoperate among vehicle types and applications.
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