Saverone 2014 has a Cash Ratio of 1.12. 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 Saverone 2014's Cash Ratio or its related term are showing as below:
XTAE:SVRE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 1.94 Max: 11.2
Current: 1.12
During the past 7 years, Saverone 2014's highest Cash Ratio was 11.20. The lowest was 0.06. And the median was 1.94.
XTAE:SVRE's Cash Ratio is ranked better than 67.15% of 2435
companies
in the Hardware industry
Industry Median: 0.63
vs XTAE:SVRE: 1.12
Saverone 2014 Cash Ratio Historical Data
The historical data trend for Saverone 2014'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 Saverone 2014's Cash Ratio
For the Scientific & Technical Instruments subindustry, Saverone 2014'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.
Saverone 2014's Cash Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Saverone 2014's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Saverone 2014's Cash Ratio falls into.
* 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.
Saverone 2014 (XTAE:SVRE) 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.
Saverone 2014 Cash Ratio Related Terms
Thank you for viewing the detailed overview of Saverone 2014's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Saverone 2014 Ltd provides driver protection solutions. The company develops and deploys ADAS technologies for transportation safety and driver assistance. The company's product restricts the driver from surfing, communicating, and receiving alerts while driving. The Company has developed a system that provides a solution to the problem of distracted driving caused by cell phone use, which endangers the driver, passengers, other drivers on the road, and pedestrians.
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