International Game Technology (FRA:IGT) Cash Ratio : 0.46 (As of Dec. 2014)

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What is International Game Technology 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. International Game Technology's Cash Ratio for the quarter that ended in Dec. 2014 was 0.46.

International Game Technology has a Cash Ratio of 0.46. 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 International Game Technology's Cash Ratio or its related term are showing as below:

FRA:IGT's Cash Ratio is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash Ratio only.

International Game Technology Cash Ratio Historical Data

The historical data trend for International Game Technology'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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International Game Technology Cash Ratio Chart

International Game Technology Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Cash Ratio

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0.27

0.86

0.42

0.49

0.47

International Game Technology Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Cash Ratio	Get a 7-Day Free Trial															0.40	0.26	0.45	0.47	0.46

Competitive Comparison of International Game Technology's Cash Ratio

For the Gambling subindustry, International Game Technology'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.

International Game Technology's Cash Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Game Technology's Cash Ratio distribution charts can be found below:

* The bar in red indicates where International Game Technology's Cash Ratio falls into.

International Game Technology Cash Ratio Calculation

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

International Game Technology's Cash Ratio for the fiscal year that ended in Sep. 2014 is calculated as:

Cash Ratio (A: Sep. 2014 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	197.958	/	422.765
	=	0.47

International Game Technology's Cash Ratio for the quarter that ended in Dec. 2014 is calculated as:

Cash Ratio (Q: Dec. 2014 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	163.498	/	352.947
	=	0.46

International Game Technology (FRA:IGT) 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.

International Game Technology Cash Ratio Related Terms

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International Game Technology (FRA:IGT) Business Description

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Website

International Game Technology was incorporated in Nevada in December 1980. It is a gaming Company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms land-based, online real-money and social gaming. The Company manages operations in two geographic segments namely North America and International. North America consists of operations in the US and Canada and International encompasses its efforts in all other jurisdictions. The Company has two revenue streams within each business segment gaming operations and product sales. It includes the sales of gaming equipment, systems, services, licensing, and component parts in Product Sales. It provides casino games, gaming equipment and systems technology for land-based and online social gaming and wagering markets under for-sale or revenue sharing arrangements. IGT systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Casino management solutions include integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, and table game automation. The Company's competitors include Ainsworth Game Technology Ltd, Aristocrat Leisure Limited, Bally Technologies, Inc., Konami Gaming Inc., Novomatic Group of Companies, and WMS Industries, Inc. At September 30, 2013, the Company held approximately 6,000 patents or patent applications and approximately 4,100 trademarks filed and registered around the world. he manufacture and distribution of casino games, gaming equipment, systems technology, and related services, as well as the operation of casinos, is subject to regulation by a variety of federal, state, international, tribal, and local agencies, with the majority of oversight provided by individual state gaming control boards.