Qev NV (FRA:7IO) Cash Ratio : 7.54 (As of Dec. 2022)

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What is Qev NV 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. Qev NV's Cash Ratio for the quarter that ended in Dec. 2022 was 7.54.

Qev NV has a Cash Ratio of 7.54. 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 Qev NV's Cash Ratio or its related term are showing as below:

FRA:7IO's Cash Ratio is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.36
* Ranked among companies with meaningful Cash Ratio only.

Qev NV Cash Ratio Historical Data

The historical data trend for Qev NV'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.

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Qev NV Cash Ratio Chart

Qev NV Annual Data

Trend

Dec21

Dec22

Cash Ratio

1.97

7.54

Qev NV Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22
Cash Ratio	-	1.97	6.61	7.54

Competitive Comparison of Qev NV's Cash Ratio

For the Auto Manufacturers subindustry, Qev NV'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.

Qev NV's Cash Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Qev NV's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Qev NV's Cash Ratio falls into.

Qev NV Cash Ratio Calculation

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

Qev NV's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2.119	/	0.281
	=	7.54

Qev NV's Cash Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash Ratio (Q: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2.119	/	0.281
	=	7.54

Qev NV (FRA:7IO) 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.

Qev NV Cash Ratio Related Terms

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Qev NV (FRA:7IO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qev NV (FRA:7IO) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

QEV:Netherlands

Address

Carrer del Rec Molinar, 11, Montmelo, Barcelona, ESP, 08160

Website

https://www.qevtech.com

Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.

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