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AUUAF (Aluula Composites) Cash Ratio : 0.26 (As of Apr. 2024)


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What is Aluula Composites Cash Ratio?

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. Aluula Composites's Cash Ratio for the quarter that ended in Apr. 2024 was 0.26.

Aluula Composites has a Cash Ratio of 0.26. 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 Aluula Composites's Cash Ratio or its related term are showing as below:

AUUAF' s Cash Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.32   Max: 1.67
Current: 0.26

During the past 3 years, Aluula Composites's highest Cash Ratio was 1.67. The lowest was 0.05. And the median was 0.32.

AUUAF's Cash Ratio is ranked worse than
55.18% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.33 vs AUUAF: 0.26

Aluula Composites Cash Ratio Historical Data

The historical data trend for Aluula Composites'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.

* Premium members only.

Aluula Composites Cash Ratio Chart

Aluula Composites Annual Data
Trend Oct21 Oct22 Oct23
Cash Ratio
- 0.05 0.32

Aluula Composites Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.55 1.68 0.32 0.34 0.26

Competitive Comparison of Aluula Composites's Cash Ratio

For the Textile Manufacturing subindustry, Aluula Composites'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.


Aluula Composites's Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aluula Composites's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Aluula Composites's Cash Ratio falls into.



Aluula Composites Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Aluula Composites's Cash Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash Ratio (A: Oct. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.564/1.755
=0.32

Aluula Composites's Cash Ratio for the quarter that ended in Apr. 2024 is calculated as:

Cash Ratio (Q: Apr. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.831/3.137
=0.26

* 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.


Aluula Composites  (OTCPK:AUUAF) 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.


Aluula Composites Cash Ratio Related Terms

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Aluula Composites Business Description

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Traded in Other Exchanges
Address
4240 Glanford Avenue, Suite 300, Victoria, BC, CAN, V8Z 4B8
Aluula Composites Inc is a manufacturer of composite materials. It specializes in the production of lightweight and high-performance composite materials for various applications, including the wind sports, outdoor, sailing, and aerospace markets. The company utilizes advanced manufacturing technologies, such as 3D printing, to produce its composite materials and components.

Aluula Composites Headlines