DataDot Technology has a Cash Ratio of 4.17. 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 DataDot Technology's Cash Ratio or its related term are showing as below:
ASX:DDT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.21 Med: 2.34 Max: 4.98
Current: 4.17
During the past 13 years, DataDot Technology's highest Cash Ratio was 4.98. The lowest was 0.21. And the median was 2.34.
ASX:DDT's Cash Ratio is ranked better than 92.02% of 1053
companies
in the Business Services industry
Industry Median: 0.56
vs ASX:DDT: 4.17
DataDot Technology Cash Ratio Historical Data
The historical data trend for DataDot Technology'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 DataDot Technology's Cash Ratio
For the Security & Protection Services subindustry, DataDot Technology'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.
DataDot Technology's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, DataDot Technology's Cash Ratio distribution charts can be found below:
* The bar in red indicates where DataDot Technology's Cash Ratio falls into.
DataDot Technology Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
DataDot Technology's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:
* 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.
DataDot Technology (ASX:DDT) 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.
DataDot Technology Cash Ratio Related Terms
Thank you for viewing the detailed overview of DataDot Technology's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
DataDot Technology Ltd is engaged in the manufacturing and distribution of asset identification solutions that include polymer and metallic microdots, asset registers, manufacturing and distributing high-security datatraceID authentication solutions, to develop and distribute customized solutions combining datadotDNA, datatraceID, asset registration and other technologies. The operating segments of the company are OEMs and Distributors, DataTraceID, Direct Business, and Consumer sales. The company generates the majority of its revenue from OEMs and Distributors segment, which is engaged in the manufacture and wholesale supply of DataDotDNA polymer and metallic microdots to manufacturers (OEMs) for application to their own products.
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