ASPU has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
ASPU has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. Aspen Group's Cash Ratio for the quarter that ended in Jan. 2023 was 0.07.
Aspen Group 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 Aspen Group's Cash Ratio or its related term are showing as below:
The historical data trend for Aspen 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.
Aspen Group Annual Data | |||||||||||||||||||||
Trend | Feb12 | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 2.16 | 1.31 | 1.39 | 0.81 | 0.39 |
Aspen Group Quarterly Data | ||||||||||||||||||||
Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | |
Cash Ratio | Get a 7-Day Free Trial | 0.29 | 0.39 | 0.13 | 0.11 | 0.07 |
For the Education & Training Services subindustry, Aspen 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.
For the Education industry and Consumer Defensive sector, Aspen Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Aspen Group'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.
Aspen Group's Cash Ratio for the fiscal year that ended in Apr. 2022 is calculated as:
Cash Ratio (A: Apr. 2022 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 6.483 | / | 16.835 | |
= | 0.39 |
Aspen Group's Cash Ratio for the quarter that ended in Jan. 2023 is calculated as:
Cash Ratio (Q: Jan. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 1.604 | / | 24.071 | |
= | 0.07 |
* 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.
Aspen Group (OTCPK:ASPU) 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 Aspen Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael L Koehneman | director | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Douglas Kass | director | C/O EMPIRE RESOURCES, INC., ONE PARKER PLAZA, FORT LEE NJ 07024 |
Matthew Lavay | officer: Chief Financial Officer | C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, 5TH FL, PLEASANTON CA 94588 |
Cheri St. Arnauld | officer: Chief Academic Officer | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
Michael Mathews | director, officer: Chief Executive Officer | 257 PARK AVENUE SOUTH, SUITE 602, NEW YORK NY 10010 |
Robert Alessi | officer: Chief Accounting Officer | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Joan Marie Prince | director | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Gerard Wendolowski | officer: Chief Operating Officer | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
C James Jensen | director | C/O ASPEN GROUP, INC., 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Frank J Cotroneo | director | 4400 MAIN ST, KANSAS CITY MO 64111 |
Anne M Mcnamara | officer: Chief Nursing Officer | 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Sanford Rich | director | 26 BEACH DRIVE, DARIEN CT 06820 |
Maclean Malcolm F Iv | director | C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222 |
Joseph L. Sevely | officer: Chief Financial Officer | 276 FIFTH AVENUE, SUITE 306, NEW YORK NY 10001 |
Janet Gill | officer: Executive Vice President | 720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246 |
From GuruFocus
By Ds*** Ds*** • 08-30-2022
By GuruFocusNews GuruFocusNews • 01-20-2022
By GF Value GF Value • 05-04-2021
By Margaret Moran Margaret Moran • 03-25-2021
By GuruFocusNews insider • 02-10-2022
By Value_Insider Value_Insider • 11-29-2022
By GuruFocus Research GuruFocus Editor • 07-28-2021
By GuruFocusNews GuruFocusNews • 06-15-2022
By GF Value GF Value • 03-28-2021
By GuruFocusNews GuruFocusNews • 04-19-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.