Regenx Tech has a Cash Ratio of 0.19. 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 Regenx Tech's Cash Ratio or its related term are showing as below:
RGXTD'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 4 Max: 48.54
Current: 0.19
During the past 13 years, Regenx Tech's highest Cash Ratio was 48.54. The lowest was 0.05. And the median was 4.00.
RGXTD's Cash Ratio is ranked worse than 77.46% of 2591
companies
in the Metals & Mining industry
Industry Median: 1.09
vs RGXTD: 0.19
Regenx Tech Cash Ratio Historical Data
The historical data trend for Regenx Tech'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.
Competitive Comparison of Regenx Tech's Cash Ratio
For the Other Precious Metals & Mining subindustry, Regenx Tech'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.
Regenx Tech's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Regenx Tech's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Regenx Tech's Cash Ratio falls into.
Regenx Tech Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Regenx Tech's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
Regenx Tech (OTCPK:RGXTD) 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.
Regenx Tech Cash Ratio Related Terms
Thank you for viewing the detailed overview of Regenx Tech's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Regenx Tech Corp is positioned for growth in the catalytic converter and mining sectors through the development and commercialization of its proprietary, environmentally friendly processing technologies for the recovery of precious metals. Its focus is the extraction of platinum and palladium from diesel catalytic converters. It solves smelter problems and recovers the majority of the precious metals from retired catalytic converters. The Company has two operating segments, exploration and development of mineral properties in Spain and mineral extraction through the use of its proprietary equipment in North America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OTCPK:RGXTD has been successfully added to your 