Plover Bay Technologies has a Cash Ratio of 1.65. 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 Plover Bay Technologies's Cash Ratio or its related term are showing as below:
HKSE:01523'
s Cash Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.49 Max: 2.61
Current: 1.65
During the past 11 years, Plover Bay Technologies's highest Cash Ratio was 2.61. The lowest was 0.81. And the median was 1.49.
HKSE:01523's Cash Ratio is ranked better than 78.2% of 2450
companies
in the Hardware industry
Industry Median: 0.61
vs HKSE:01523: 1.65
Plover Bay Technologies Cash Ratio Historical Data
* 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 Plover Bay Technologies's Cash Ratio
For the Communication Equipment subindustry, Plover Bay Technologies'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.
Plover Bay Technologies's Cash Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Plover Bay Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Plover Bay Technologies's Cash Ratio falls into.
Plover Bay Technologies Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Plover Bay Technologies'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.
Plover Bay Technologies (HKSE:01523) 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.
Plover Bay Technologies Cash Ratio Related Terms
Thank you for viewing the detailed overview of Plover Bay Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Plover Bay Technologies Ltd is an investment holding company. The Company and its subsidiaries are principally engaged in the research, design, development, and marketing of Software Defined WAN (SD-WAN) routers and the provision of software licenses and warranty and support services. The Company's products and services are used by enterprise users, such as multinational companies, as well as industry users. The SD-WAN routers segment mainly offers wired and wireless routers bundled together with embedded software and firmware. The Company mainly operates its business in Hong Kong, Taiwan, the United States of America, Malaysia, Canada, Mexico, the United Kingdom, Singapore, France, as well as Israel, among others.
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