SLGWQ (SLANG Worldwide) Cash Ratio : 0.07 (As of Jun. 2024)

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What is SLANG Worldwide 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. SLANG Worldwide's Cash Ratio for the quarter that ended in Jun. 2024 was 0.07.

SLANG Worldwide 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 SLANG Worldwide's Cash Ratio or its related term are showing as below:

SLGWQ' s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.67 Max: 1.18
Current: 0.07

During the past 7 years, SLANG Worldwide's highest Cash Ratio was 1.18. The lowest was 0.02. And the median was 0.67.

SLGWQ's Cash Ratio is ranked worse than
87.55% of 1004 companies
in the Drug Manufacturers industry
Industry Median: 0.585 vs SLGWQ: 0.07

SLANG Worldwide Cash Ratio Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Cash Ratio Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.56

0.39

1.06

0.80

0.18

SLANG Worldwide Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash Ratio	Get a 7-Day Free Trial															0.89	0.90	0.18	0.13	0.07

Competitive Comparison of SLANG Worldwide's Cash Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Cash Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, SLANG Worldwide's Cash Ratio distribution charts can be found below:

* The bar in red indicates where SLANG Worldwide's Cash Ratio falls into.

SLANG Worldwide Cash Ratio Calculation

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

SLANG Worldwide'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
	=	3.769	/	21.122
	=	0.18

SLANG Worldwide's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.927	/	28.042
	=	0.07

SLANG Worldwide (OTCPK:SLGWQ) 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.

SLANG Worldwide Cash Ratio Related Terms

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SLANG Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (OTCPK:SLGWQ) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

84SA:Germany SLNG:Canada

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.