SPAI (Safe Pro Group) Cash Ratio : 0.50 (As of Dec. 2023)

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What is Safe Pro Group 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. Safe Pro Group's Cash Ratio for the quarter that ended in Dec. 2023 was 0.50.

Safe Pro Group has a Cash Ratio of 0.50. 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 Safe Pro Group's Cash Ratio or its related term are showing as below:

SPAI' s Cash Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.9 Max: 1.3
Current: 0.5

During the past 2 years, Safe Pro Group's highest Cash Ratio was 1.30. The lowest was 0.50. And the median was 0.90.

SPAI's Cash Ratio is ranked better than
61.18% of 304 companies
in the Aerospace & Defense industry
Industry Median: 0.345 vs SPAI: 0.50

Safe Pro Group Cash Ratio Historical Data

The historical data trend for Safe Pro Group'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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Safe Pro Group Cash Ratio Chart

Safe Pro Group Annual Data

Trend

Dec22

Dec23

Cash Ratio

1.30

0.50

Safe Pro Group Semi-Annual Data
	Dec22	Dec23
Cash Ratio	1.30	0.50

Competitive Comparison of Safe Pro Group's Cash Ratio

For the Aerospace & Defense subindustry, Safe Pro Group'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.

Safe Pro Group's Cash Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Safe Pro Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Safe Pro Group's Cash Ratio falls into.

Safe Pro Group Cash Ratio Calculation

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

Safe Pro Group'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
	=	0.703	/	1.417
	=	0.50

Safe Pro Group's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.703	/	1.417
	=	0.50

Safe Pro Group (NAS:SPAI) 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.

Safe Pro Group Cash Ratio Related Terms

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Safe Pro Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

18305 Biscayne boulevard, Suite 222, Aventura, FL, USA, 33160

Website

https://www.safeprogroup.com

Safe Pro Group Inc operates to acquire security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence (AI), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The company operated in three reportable business segments which consisted of: the business of Safe-Pro USA, the business of Airborne Response, and the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.