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Tribe Property Technologies (Tribe Property Technologies) Cash Ratio : 0.20 (As of Dec. 2023)


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What is Tribe Property Technologies 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. Tribe Property Technologies's Cash Ratio for the quarter that ended in Dec. 2023 was 0.20.

Tribe Property Technologies has a Cash Ratio of 0.20. 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 Tribe Property Technologies's Cash Ratio or its related term are showing as below:

TRPTF' s Cash Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.24   Max: 2.57
Current: 0.2

During the past 4 years, Tribe Property Technologies's highest Cash Ratio was 2.57. The lowest was 0.04. And the median was 0.24.

TRPTF's Cash Ratio is ranked worse than
61.53% of 1770 companies
in the Real Estate industry
Industry Median: 0.32 vs TRPTF: 0.20

Tribe Property Technologies Cash Ratio Historical Data

The historical data trend for Tribe Property Technologies'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.

Tribe Property Technologies Cash Ratio Chart

Tribe Property Technologies Annual Data
Trend Apr20 Dec21 Dec22 Dec23
Cash Ratio
0.04 0.28 2.57 0.20

Tribe Property Technologies Quarterly Data
Jan20 Apr20 Sep20 Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.57 1.58 - 0.40 0.20

Competitive Comparison of Tribe Property Technologies's Cash Ratio

For the Real Estate Services subindustry, Tribe Property Technologies'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.


Tribe Property Technologies's Cash Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tribe Property Technologies's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Tribe Property Technologies's Cash Ratio falls into.



Tribe Property Technologies Cash Ratio Calculation

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

Tribe Property Technologies'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
=1.042/5.148
=0.20

Tribe Property Technologies'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
=1.042/5.148
=0.20

* 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.


Tribe Property Technologies  (OTCPK:TRPTF) 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.


Tribe Property Technologies Cash Ratio Related Terms

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Tribe Property Technologies (Tribe Property Technologies) Business Description

Traded in Other Exchanges
Address
1166 Alberni Street, Suite 1606, Vancouver, BC, CAN, V6E 3Z3
Tribe Property Technologies Inc is a property technology company engaged in offering technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners and residents. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Tribe Property Technologies (Tribe Property Technologies) Headlines