PNDHF (Pond Technologies Holdings) Cash Ratio : 0.01 (As of Sep. 2024)

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What is Pond Technologies Holdings 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. Pond Technologies Holdings's Cash Ratio for the quarter that ended in Sep. 2024 was 0.01.

Pond Technologies Holdings 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 Pond Technologies Holdings's Cash Ratio or its related term are showing as below:

PNDHF' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.46 Max: 25.48
Current: 0.01

During the past 13 years, Pond Technologies Holdings's highest Cash Ratio was 25.48. The lowest was 0.01. And the median was 0.46.

PNDHF's Cash Ratio is ranked worse than
95.95% of 1850 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs PNDHF: 0.01

Pond Technologies Holdings Cash Ratio Historical Data

The historical data trend for Pond Technologies Holdings'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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Pond Technologies Holdings Cash Ratio Chart

Pond Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.42

0.02

0.45

0.04

0.01

Pond Technologies Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash Ratio	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Pond Technologies Holdings's Cash Ratio

For the Farm Products subindustry, Pond Technologies Holdings'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.

Pond Technologies Holdings's Cash Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pond Technologies Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Pond Technologies Holdings's Cash Ratio falls into.

Pond Technologies Holdings Cash Ratio Calculation

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

Pond Technologies Holdings's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.063	/	6.273
	=	0.01

Pond Technologies Holdings'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
	=	0.08	/	7.58
	=	0.01

Pond Technologies Holdings (OTCPK:PNDHF) 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.

Pond Technologies Holdings Cash Ratio Related Terms

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Pond Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pond Technologies Holdings Inc (OTCPK:PNDHF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

4O0:Germany POND:Canada

Address

250 Shields Court, Unit 8, Markham, ON, CAN, L3R 9W2

Website

https://www.pondtech.com

Pond Technologies Holdings Inc offers an algae-growing platform, which converts carbon dioxide (CO2) into algal-based commercial products. Its algae-growing platform converts the CO2 found in the untreated stack gas of industrial emitters into biofuels, animal feeds, and natural fertilizers. The company has three reportable segments, one of which is the Nutraceutical Products segment, which includes production and consumer sales, third-party product operations, and distribution. The Technology Services segment includes royalties, microalgal biomass production, consulting, engineering services, construction of biomass production facilities, and corporate services.