Seamless Distribution Systems AB (NGM:SDS) Cash Ratio : 0.07 (As of Sep. 2024)

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What is Seamless Distribution Systems AB 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. Seamless Distribution Systems AB's Cash Ratio for the quarter that ended in Sep. 2024 was 0.07.

Seamless Distribution Systems AB has a Cash Ratio of 0.07. 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 Seamless Distribution Systems AB's Cash Ratio or its related term are showing as below:

NGM:SDS' s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.6
Current: 0.09

During the past 8 years, Seamless Distribution Systems AB's highest Cash Ratio was 0.60. The lowest was 0.02. And the median was 0.12.

NGM:SDS's Cash Ratio is ranked worse than
89.26% of 2765 companies
in the Software industry
Industry Median: 0.75 vs NGM:SDS: 0.09

Seamless Distribution Systems AB Cash Ratio Historical Data

The historical data trend for Seamless Distribution Systems AB'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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Seamless Distribution Systems AB Cash Ratio Chart

Seamless Distribution Systems AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Ratio

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0.09

0.11

0.14

0.25

0.02

Seamless Distribution Systems AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Cash Ratio	Get a 7-Day Free Trial															0.04	0.11	0.09	0.09	0.07

Competitive Comparison of Seamless Distribution Systems AB's Cash Ratio

For the Software - Infrastructure subindustry, Seamless Distribution Systems AB'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.

Seamless Distribution Systems AB's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Seamless Distribution Systems AB's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Seamless Distribution Systems AB's Cash Ratio falls into.

Seamless Distribution Systems AB Cash Ratio Calculation

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

Seamless Distribution Systems AB'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
	=	7.234	/	301.637
	=	0.02

Seamless Distribution Systems AB's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	6.363	/	93.213
	=	0.07

Seamless Distribution Systems AB (NGM:SDS) 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.

Seamless Distribution Systems AB Cash Ratio Related Terms

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Seamless Distribution Systems AB Business Description

Industry

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Traded in Other Exchanges

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Address

Vasagatan 7, Stockholm, SWE, 111 20

Website

https://www.sds.seamless.se

Seamless Distribution Systems AB is a mobile payments company that provides electronic top-up systems and mobile payment services for mobile operators, distributors, retailers, and consumers.