NAT Absolute Technologies PCL (BKK:NAT) Cash Ratio : 1.33 (As of Mar. 2024)

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What is NAT Absolute Technologies PCL 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. NAT Absolute Technologies PCL's Cash Ratio for the quarter that ended in Mar. 2024 was 1.33.

NAT Absolute Technologies PCL has a Cash Ratio of 1.33. 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 NAT Absolute Technologies PCL's Cash Ratio or its related term are showing as below:

BKK:NAT' s Cash Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.54 Max: 1.33
Current: 1.33

During the past 2 years, NAT Absolute Technologies PCL's highest Cash Ratio was 1.33. The lowest was 0.52. And the median was 0.54.

BKK:NAT's Cash Ratio is ranked better than
66.39% of 2770 companies
in the Software industry
Industry Median: 0.765 vs BKK:NAT: 1.33

NAT Absolute Technologies PCL Cash Ratio Historical Data

The historical data trend for NAT Absolute Technologies PCL'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.

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NAT Absolute Technologies PCL Cash Ratio Chart

NAT Absolute Technologies PCL Annual Data

Trend

Dec21

Dec22

Cash Ratio

0.55

0.53

NAT Absolute Technologies PCL Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Mar24
Cash Ratio	Get a 7-Day Free Trial			-	0.53	-	0.52	1.33

Competitive Comparison of NAT Absolute Technologies PCL's Cash Ratio

For the Information Technology Services subindustry, NAT Absolute Technologies PCL'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.

NAT Absolute Technologies PCL's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, NAT Absolute Technologies PCL's Cash Ratio distribution charts can be found below:

* The bar in red indicates where NAT Absolute Technologies PCL's Cash Ratio falls into.

NAT Absolute Technologies PCL Cash Ratio Calculation

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

NAT Absolute Technologies PCL's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	200.645	/	377.087
	=	0.53

NAT Absolute Technologies PCL's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	566.323	/	425.116
	=	1.33

NAT Absolute Technologies PCL (BKK:NAT) 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.

NAT Absolute Technologies PCL Cash Ratio Related Terms

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NAT Absolute Technologies PCL (BKK:NAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NAT Absolute Technologies PCL (BKK:NAT) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

NAT Absolute Technologies PCL is engaged in information and communication technology services in Thailand. It provides consulting services, design, procure and distribute equipment ready for installation, including providing contract system installation services related to information and communication technology systems (Information and Communication Technology System Integration).