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Interfield Global Software (NEOE:IFSS) Cash Ratio : 0.03 (As of Sep. 2023)


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What is Interfield Global Software 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. Interfield Global Software's Cash Ratio for the quarter that ended in Sep. 2023 was 0.03.

Interfield Global Software 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 Interfield Global Software's Cash Ratio or its related term are showing as below:

NEOE:IFSS' s Cash Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.06   Max: 0.88
Current: 0.03

During the past 5 years, Interfield Global Software's highest Cash Ratio was 0.88. The lowest was 0.03. And the median was 0.06.

NEOE:IFSS's Cash Ratio is ranked worse than
95.79% of 2777 companies
in the Software industry
Industry Median: 0.76 vs NEOE:IFSS: 0.03

Interfield Global Software Cash Ratio Historical Data

The historical data trend for Interfield Global Software'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.

Interfield Global Software Cash Ratio Chart

Interfield Global Software Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
- 0.03 0.03 0.88 0.06

Interfield Global Software Quarterly Data
Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.05 0.06 0.37 0.10 0.03

Competitive Comparison of Interfield Global Software's Cash Ratio

For the Software - Application subindustry, Interfield Global Software'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.


Interfield Global Software's Cash Ratio Distribution in the Software Industry

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

* The bar in red indicates where Interfield Global Software's Cash Ratio falls into.



Interfield Global Software Cash Ratio Calculation

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

Interfield Global Software's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.008/0.125
=0.06

Interfield Global Software'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
=0.093/2.671
=0.03

* 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.


Interfield Global Software  (NEOE:IFSS) 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.


Interfield Global Software Cash Ratio Related Terms

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Interfield Global Software (NEOE:IFSS) Business Description

Traded in Other Exchanges
N/A
Address
The Yes Business Centre, Office 910, PO Box 78020, Al Barsha 1 Dubai, Dubai, ARE
Interfield Global Software Inc is a software company that services numerous industrial segments including oil and gas, mining, and renewables. It has two operating divisions, E-commerce and Software as a Service. The E-commerce division is an industrial equipment marketplace that connects buyers and suppliers around the globe. ToolSuite, the company's flagship product of its Software as a Service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

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