Green Energy Technology has a Cash Ratio of 0.01. 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 Green Energy Technology's Cash Ratio or its related term are showing as below:
LUX:GE144's Cash Ratio is not ranked *
in the Semiconductors industry.
Industry Median: 1.065 * Ranked among companies with meaningful Cash Ratio only.
Green Energy Technology 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 Green Energy Technology's Cash Ratio
For the Solar subindustry, Green Energy 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.
Green Energy Technology's Cash Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Green Energy Technology's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Green Energy Technology's Cash Ratio falls into.
Green Energy 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.
Green Energy Technology's Cash Ratio for the fiscal year that ended in Dec. 2018 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.
Green Energy Technology (LUX:GE144) 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.
Green Energy Technology Cash Ratio Related Terms
Thank you for viewing the detailed overview of Green Energy Technology's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Energy Technology (LUX:GE144) Business Description
Green Energy Technology Inc is a solar technology company. The company is primarily engaged in the manufacturing and distribution of multi-crystal silicon solar wafers. Its products are classified into two segments, namely, Silicon Wafer and Thin Film. The key products consist of the polycrystalline solar silicon chip, polycrystalline solar silicon ingots, thin film solar modules. The company's main products, multi-crystalline solar wafers with different power outputs, are sold to solar cell and module manufacturers in major markets globally, such as Taiwan, China, Japan, Korea, India, Europe and the United States.
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