IBO Technology Co (HKSE:02708) Cash Ratio : 0.03 (As of Sep. 2023)

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What is IBO Technology Co 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. IBO Technology Co's Cash Ratio for the quarter that ended in Sep. 2023 was 0.03.

IBO Technology Co has a Cash Ratio of 0.03. 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 IBO Technology Co's Cash Ratio or its related term are showing as below:

HKSE:02708' s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 1.13
Current: 0.03

During the past 9 years, IBO Technology Co's highest Cash Ratio was 1.13. The lowest was 0.03. And the median was 0.33.

HKSE:02708's Cash Ratio is ranked worse than
95.96% of 2770 companies
in the Software industry
Industry Median: 0.76 vs HKSE:02708: 0.03

IBO Technology Co Cash Ratio Historical Data

The historical data trend for IBO Technology Co'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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IBO Technology Co Cash Ratio Chart

IBO Technology Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash Ratio

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0.47

0.33

0.51

0.30

0.18

IBO Technology Co Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Ratio	Get a 7-Day Free Trial												0.54	0.30	0.08	0.18	0.03

Competitive Comparison of IBO Technology Co's Cash Ratio

For the Software - Infrastructure subindustry, IBO Technology Co'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.

IBO Technology Co's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, IBO Technology Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where IBO Technology Co's Cash Ratio falls into.

IBO Technology Co Cash Ratio Calculation

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

IBO Technology Co's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	316.527	/	1719.98
	=	0.18

IBO Technology Co's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	36.448	/	1219.132
	=	0.03

IBO Technology Co (HKSE:02708) 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.

IBO Technology Co Cash Ratio Related Terms

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IBO Technology Co (HKSE:02708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IBO Technology Co Ltd (HKSE:02708) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9116 Beihuan Avenue, Level 6, Block A, Fu Wah Technology Building, Nanshan, Shenzhen, CHN

Website

http://www.ibotech.hk

IBO Technology Co Ltd is engaged in providing the Internet of Things (IoT) intelligent terminal product applications and solutions services in the People's Republic of China. The company operates in four segments. Its System integration segment provides coordination, management, and installation services. The Intelligent terminal products sales segment is involved in the sale of intelligent terminal products. Its Software development segment develops customized software. The company's System maintenance services segment renders system maintenance services. The key revenue is derived from the Intelligent terminal products sales segment. The company earns the majority of its revenue is derived from customers located in the PRC.

Executives

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