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Symbolic Logic (OTCPK:EVOL) 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.
Symbolic Logic Cash Ratio Related Terms
Symbolic Logic Cash Ratio Historical Data
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The historical data trend for Symbolic Logic'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.
For the Software - Application subindustry, Symbolic Logic'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.
Symbolic Logic Cash Ratio vs Software Industry
For the Software industry and Technology sector, Symbolic Logic's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Symbolic Logic's Cash Ratio falls into.
* 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.
Symbolic Logic (EVOL) has a Cash Ratio of 21.30 as of Sep. 2022. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Symbolic Logic and its competitors.
Is Symbolic Logic's Cash Ratio too high?
Symbolic Logic's current Cash Ratio is 21.30. The Software industry median Cash Ratio is 0.75. Symbolic Logic's value of 21.30 is 2740% above this industry median. Overall, Symbolic Logic has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Symbolic Logic's Cash Ratio compare to SOFO and VBIX?
Symbolic Logic's Cash Ratio of 21.30 can be compared against companies in the Software industry. The industry median Cash Ratio is 0.75. Symbolic Logic's value of 21.30 is 2740% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Software company?
The median Cash Ratio among Software companies is 0.75, based on 2,810 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Symbolic Logic's current Cash Ratio of 21.30 is 2740% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Symbolic Logic and its competitors. For the Software industry, the median Cash Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Symbolic Logic's current Cash Ratio is 21.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Symbolic Logic stock overvalued right now?
Symbolic Logic (EVOL) has a current Cash Ratio of 21.30. The current Cash Ratio is 21.30 and 2740% above the Software industry median of 0.75. Symbolic Logic's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Symbolic Logic (EVOL), the current Cash Ratio is 21.30 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Symbolic Logic Inc is a research and development organization with two significant pre-revenue focus areas that leverage the experience gained from having deployed real-time systems to over a billion real-time users at evolving.
16GF Score
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