Ostin Technology Group Co (Ostin Technology Group Co) Cash Ratio : 0.02 (As of Sep. 2023)

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What is Ostin Technology Group 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. Ostin Technology Group Co's Cash Ratio for the quarter that ended in Sep. 2023 was 0.02.

Ostin Technology Group Co has a Cash Ratio of 0.02. 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 Ostin Technology Group Co's Cash Ratio or its related term are showing as below:

OST' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.12
Current: 0.02

During the past 5 years, Ostin Technology Group Co's highest Cash Ratio was 0.12. The lowest was 0.01. And the median was 0.05.

OST's Cash Ratio is ranked worse than
97.49% of 2467 companies
in the Hardware industry
Industry Median: 0.66 vs OST: 0.02

Ostin Technology Group Co Cash Ratio Historical Data

The historical data trend for Ostin Technology Group 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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Ostin Technology Group Co Cash Ratio Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash Ratio

0.05

0.10

0.01

0.12

0.02

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Ratio	Get a 7-Day Free Trial				0.01	0.07	0.12	0.07	0.02

Competitive Comparison of Ostin Technology Group Co's Cash Ratio

For the Electronic Components subindustry, Ostin Technology Group 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.

Ostin Technology Group Co's Cash Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ostin Technology Group Co's Cash Ratio distribution charts can be found below:

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

Ostin Technology Group 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.

Ostin Technology Group Co's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash Ratio (A: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.855	/	40.531
	=	0.02

Ostin Technology Group 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
	=	0.855	/	40.531
	=	0.02

Ostin Technology Group Co (NAS:OST) 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.

Ostin Technology Group Co Cash Ratio Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.