GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (OTCPK:DMGGF) » Definitions » Cash Ratio

DMGGF (DMG Blockchain Solutions) Cash Ratio : 0.07 (As of Jun. 2024)


View and export this data going back to 2018. Start your Free Trial

What is DMG Blockchain Solutions 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. DMG Blockchain Solutions's Cash Ratio for the quarter that ended in Jun. 2024 was 0.07.

DMG Blockchain Solutions has a Cash Ratio of 0.07. 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 DMG Blockchain Solutions's Cash Ratio or its related term are showing as below:

DMGGF' s Cash Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.39   Max: 17.71
Current: 0.07

During the past 12 years, DMG Blockchain Solutions's highest Cash Ratio was 17.71. The lowest was 0.03. And the median was 0.39.

DMGGF's Cash Ratio is ranked worse than
90.49% of 652 companies
in the Capital Markets industry
Industry Median: 0.895 vs DMGGF: 0.07

DMG Blockchain Solutions Cash Ratio Historical Data

The historical data trend for DMG Blockchain Solutions'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.

DMG Blockchain Solutions Cash Ratio Chart

DMG Blockchain Solutions Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.18 3.51 0.31 0.39

DMG Blockchain Solutions Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.39 0.45 0.12 0.07

Competitive Comparison of DMG Blockchain Solutions's Cash Ratio

For the Capital Markets subindustry, DMG Blockchain Solutions'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.


DMG Blockchain Solutions's Cash Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DMG Blockchain Solutions's Cash Ratio distribution charts can be found below:

* The bar in red indicates where DMG Blockchain Solutions's Cash Ratio falls into.



DMG Blockchain Solutions Cash Ratio Calculation

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

DMG Blockchain Solutions's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash Ratio (A: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.609/4.113
=0.39

DMG Blockchain Solutions's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.938/13.656
=0.07

* 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.


DMG Blockchain Solutions  (OTCPK:DMGGF) 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.


DMG Blockchain Solutions Cash Ratio Related Terms

Thank you for viewing the detailed overview of DMG Blockchain Solutions's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


DMG Blockchain Solutions Business Description

Traded in Other Exchanges
Address
4193 104 Street, Delta, BC, CAN, V4K3N3
DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.