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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. Intersect ENT's Cash Ratio for the quarter that ended in Mar. 2022 was 1.09.
Intersect ENT has a Cash Ratio of 1.09. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Intersect ENT's Cash Ratio or its related term are showing as below:
During the past 10 years, Intersect ENT's highest Cash Ratio was 13.38. The lowest was 0.34. And the median was 5.94.
The historical data trend for Intersect ENT'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.
Intersect ENT Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 5.79 | 5.11 | 4.79 | 1.99 | 1.07 |
Intersect ENT Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Cash Ratio | Get a 7-Day Free Trial | 1.62 | 1.27 | 1.59 | 1.07 | 1.09 |
For the Medical Devices subindustry, Intersect ENT'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.
For the Medical Devices & Instruments industry and Healthcare sector, Intersect ENT's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Intersect ENT's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Intersect ENT's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:
Cash Ratio (A: Dec. 2021 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 61.015 | / | 57.16 | |
= | 1.07 |
Intersect ENT's Cash Ratio for the quarter that ended in Mar. 2022 is calculated as:
Cash Ratio (Q: Mar. 2022 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 50.634 | / | 46.413 | |
= | 1.09 |
* 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.
Intersect ENT (NAS:XENT) 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.
Thank you for viewing the detailed overview of Intersect ENT's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Elisabeth Sandoval | director | C/O KYTHERA BIOPHARMACEUTICALS, INC., 30930 RUSSELL RANCH ROAD, 3RD FLOOR, WESTLAKE VILLAGE CA 91362 |
Neil A Hattangadi | director | 1555 ADAMS DRIVE MENLO PARK CA 94025 |
Reyna M Fernandez | officer: Chief Human Resource Officer | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Patrick A Broderick | officer: EVP, GC & Corporate Secretary | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Thomas A. West | director, officer: President and CEO | C/O INTERSECT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Richard A Meier | officer: EVP & Chief Financial Officer | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Binney Robert H Jr | officer: Vice President, Sales | 1555 ADAMS DRIVE C/O INTERSECT ENT, INC. MENLO PARK CA 94025 |
Susan P Stimson | officer: Vice President, Marketing | 1555 ADAMS DRIVE C/O INTERSECT ENT, INC. MENLO PARK CA 94025 |
Lisa D Earnhardt | director, officer: See Remarks | 1555 ADAMS DRIVE, C/O INTERSECT ENT, INC., MENLO PARK CA 94025 |
David Aaron Lehman | officer: General Counsel | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Jeryl L Hilleman | officer: Chief Financial Officer | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Christine R Kowalski | officer: Chief Operations Officer | C/O INTERSECT ENT, INC. 1555 ADAMS DRIVE MENLO PARK CA 94025 |
Mead Dana G Jr. | director | 2750 SAND HILL ROAD, MENLO PARK CA 94025 |
Richard E Kaufman | officer: See Remarks | 1555 ADAMS DRIVE C/O INTERSECT ENT, INC. MENLO PARK CA 94025 |
Gwen R. Carscadden | officer: Chief People Officer | C/O INTERSECT ENT, INC. 1555 ADAMS DRIVE MENLO PARK CA 94025 |
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