Star Equity Holdings has a Cash Ratio of 2.65. 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 Star Equity Holdings's Cash Ratio or its related term are showing as below:
FRA:FDV'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 2.65
Current: 2.65
During the past 13 years, Star Equity Holdings's highest Cash Ratio was 2.65. The lowest was 0.04. And the median was 0.15.
FRA:FDV's Cash Ratio is ranked better than 73.16% of 231
companies
in the Medical Diagnostics & Research industry
Industry Median: 1.06
vs FRA:FDV: 2.65
Star Equity Holdings Cash Ratio Historical Data
The historical data trend for Star Equity Holdings'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.
Competitive Comparison of Star Equity Holdings's Cash Ratio
For the Diagnostics & Research subindustry, Star Equity Holdings'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.
Star Equity Holdings's Cash Ratio Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Star Equity Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Star Equity Holdings's Cash Ratio falls into.
Star Equity Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Star Equity Holdings's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
Star Equity Holdings (FRA:FDV) 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.
Star Equity Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Star Equity Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Star Equity Holdings (FRA:FDV) Business Description
Star Equity Holdings Inc is a multi-industry diversified holding company with three segments; Healthcare segment provides products and services in the area of nuclear medicine imaging with a focus on cardiac health. It provides imaging services to healthcare providers using a fleet of solid-state gamma cameras and also the manufacturing, distribution, and maintenance of gamma cameras, The construction segment manufactures modular housing units for commercial and residential applications. It operates in two businesses: modular building manufacturing and structural wall panel and wood foundation manufacturing, including building supply retail operations, and The investments segment generates intercompany revenue from the lease of commercial properties and equipment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:FDV has been successfully added to your 