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Firebyte Games (BSE:FRB) Cash Ratio : 0.00 (As of . 20)


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What is Firebyte Games 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. Firebyte Games's Cash Ratio for the quarter that ended in . 20 was 0.00.

Firebyte Games has a Cash Ratio of 0.00. 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 Firebyte Games's Cash Ratio or its related term are showing as below:

BSE:FRB's Cash Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.15
* Ranked among companies with meaningful Cash Ratio only.

Firebyte Games Cash Ratio Historical Data

The historical data trend for Firebyte Games'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.

Firebyte Games Cash Ratio Chart

Firebyte Games Annual Data
Trend
Cash Ratio

Firebyte Games Semi-Annual Data
Cash Ratio

Competitive Comparison of Firebyte Games's Cash Ratio

For the Electronic Gaming & Multimedia subindustry, Firebyte Games'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.


Firebyte Games's Cash Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Firebyte Games's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Firebyte Games's Cash Ratio falls into.


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Firebyte Games Cash Ratio Calculation

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

Firebyte Games's Cash Ratio for the fiscal year that ended in . 20 is calculated as:

Firebyte Games's Cash Ratio for the quarter that ended in . 20 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.


Firebyte Games  (BSE:FRB) 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.


Firebyte Games Cash Ratio Related Terms

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Firebyte Games Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Motilor 119, Cluj-Napoca, ROU
Firebyte Games SA is specialized in the development of games for mobile phones. It invests in the efficient management of all processes and in the thorough collection and analysis of data, in order to respond quickly to market developments. In the studio, it develops games for mobile devices, with global addressability and available for iOS and Android operating systems, explores new games and genres, in order to take the satisfaction of its users to the next level.

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