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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Cash Ratio : 0.00 (As of Dec. 2020)


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What is Innerscope Hearing Technologies 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. Innerscope Hearing Technologies's Cash Ratio for the quarter that ended in Dec. 2020 was 0.00.

Innerscope Hearing Technologies has a Cash Ratio of 0.00. 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 Innerscope Hearing Technologies's Cash Ratio or its related term are showing as below:

INND's Cash Ratio is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 1.23
* Ranked among companies with meaningful Cash Ratio only.

Innerscope Hearing Technologies Cash Ratio Historical Data

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Cash Ratio Chart

Innerscope Hearing Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash Ratio
Get a 7-Day Free Trial 1.18 0.04 0.02 - -

Innerscope Hearing Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Innerscope Hearing Technologies's Cash Ratio

For the Medical Instruments & Supplies subindustry, Innerscope Hearing 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.


Innerscope Hearing Technologies's Cash Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innerscope Hearing Technologies's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Innerscope Hearing Technologies's Cash Ratio falls into.



Innerscope Hearing 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.

Innerscope Hearing Technologies's Cash Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Cash Ratio (A: Dec. 2020 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.003/10.419
=0.00

Innerscope Hearing Technologies's Cash Ratio for the quarter that ended in Dec. 2020 is calculated as:

Cash Ratio (Q: Dec. 2020 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.003/10.419
=0.00

* 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.


Innerscope Hearing Technologies  (OTCPK:INND) 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.


Innerscope Hearing Technologies Cash Ratio Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Traded in Other Exchanges
N/A
Address
2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661
Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.

Innerscope Hearing Technologies (Innerscope Hearing Technologies) Headlines

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