Polycom (FRA:PLY) Cash Ratio : 1.91 (As of Jun. 2016)

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What is Polycom 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. Polycom's Cash Ratio for the quarter that ended in Jun. 2016 was 1.91.

Polycom has a Cash Ratio of 1.91. 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 Polycom's Cash Ratio or its related term are showing as below:

FRA:PLY's Cash Ratio is not ranked ^*
in the Hardware industry.
Industry Median: 0.65
* Ranked among companies with meaningful Cash Ratio only.

Polycom Cash Ratio Historical Data

The historical data trend for Polycom'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.

Polycom Cash Ratio Chart

Polycom Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash Ratio

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1.48

1.90

1.36

1.50

1.64

Polycom Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Cash Ratio	Get a 7-Day Free Trial															1.55	1.64	1.64	1.78	1.91

Competitive Comparison of Polycom's Cash Ratio

For the Communication Equipment subindustry, Polycom'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.

Polycom's Cash Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Polycom's Cash Ratio distribution charts can be found below:

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

Polycom Cash Ratio Calculation

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

Polycom's Cash Ratio for the fiscal year that ended in Dec. 2015 is calculated as:

Cash Ratio (A: Dec. 2015 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	568.55	/	346.973
	=	1.64

Polycom's Cash Ratio for the quarter that ended in Jun. 2016 is calculated as:

Cash Ratio (Q: Jun. 2016 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	625.451	/	327.515
	=	1.91

Polycom (FRA:PLY) 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.

Polycom Cash Ratio Related Terms

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Polycom (FRA:PLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Polycom Inc (FRA:PLY) » Definitions » Cash Ratio

Traded in Other Exchanges

N/A

Address

Website

http://www.polycom.com

Polycom Inc was incorporated in December 1990 in Delaware. The Company provides an open, standards-based unified communications and collaboration (UC&C) solutions for voice, video and content collaboration solutions. Its solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich application programming interfaces (APIs) that interoperate with a set of communication, business, mobile, and cloud applications and devices to deliver secure face-to-face video collaboration across different environments. The Company is engaged in helping organizations achieve new levels of teamwork, efficiency and productivity by unleashing the power of human collaboration. The Company sells its solutions through a high-touch sales model that leverages its network of channel partners, including distributors, value-added resellers, system integrators; communications services providers, and retailers. The Company serves in three geographical segments; Americas, EMEA and APAC. Its products and solutions are; UC Group Systems, which includes immersive telepresence, group video and group voice systems. UC Platform, which includes collaboration servers, virtualization management "distributed media optimization", resource management, recording and streaming, open API's and remote access technologies that constitute the RealPresence Platform, and UC Personal Devices, which includes desktop video devices and desktop voice products. It competes in the UC&C market with products and solutions that enable voice, video and content collaboration on-premises, across intranets, extranets, mobile devices, and the Internet via its customer premises-based RealPresence Platform, web-based social-collaboration business platforms, and video collaboration-as-a-service offerings delivered from the cloud. These competitors include but are not limited to Cisco Systems, Inc., Acano, Avaya Inc., Blue Jeans Networks, Inc., ClearOne Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A./LifeSize, PexIP, Snom Technology Ag, Vidyo, Inc., Yamaha Corporation/Revolabs, Inc., Yealink, ZTE Corporation and others. Its products and services are subject to various federal, state, local, and foreign laws and regulations.

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