Perpetual Industries has a Cash Ratio of 0.22. 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 Perpetual Industries's Cash Ratio or its related term are showing as below:
PRPI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.52
Current: 0.22
During the past 5 years, Perpetual Industries's highest Cash Ratio was 0.52. The lowest was 0.01. And the median was 0.02.
PRPI's Cash Ratio is ranked worse than 75.35% of 2909
companies
in the Industrial Products industry
Industry Median: 0.54
vs PRPI: 0.22
Perpetual Industries Cash Ratio Historical Data
The historical data trend for Perpetual Industries'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.
Perpetual Industries Cash Ratio Chart
Perpetual Industries Annual Data
Trend
Jul13
Jul14
Jul15
Dec21
Dec22
Cash Ratio
0.02
0.02
0.01
0.52
0.22
Perpetual Industries Semi-Annual Data
Jul13
Jul14
Jul15
Dec21
Dec22
Cash Ratio
0.02
0.02
0.01
0.52
0.22
Competitive Comparison of Perpetual Industries's Cash Ratio
For the Specialty Industrial Machinery subindustry, Perpetual Industries'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.
Perpetual Industries's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Perpetual Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Perpetual Industries's Cash Ratio falls into.
Perpetual Industries Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Perpetual Industries's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Perpetual Industries (OTCPK:PRPI) 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.
Perpetual Industries Cash Ratio Related Terms
Thank you for viewing the detailed overview of Perpetual Industries's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Perpetual Industries (Perpetual Industries) Business Description
Perpetual Industries Inc is engaged in the research, development, and commercialization of energy efficient products. The company's proprietary XYO Mechanical Balancing Technology is designed to harness rotor displacement energy and delivers solutions for inefficiencies that commonly affect rotating equipment, machinery, and devices. The firm is expanding expertise and knowledge of energy-efficient technology by developing low-cost, green energy solutions for various industries, including artificial intelligence, blockchain mining, graphic rendering, renewable energy, cloud computing and the internet of things, while continuing research, development, and commercialization of its proprietary XYO Balancing Technology in key applications.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PRPI has been successfully added to your