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EVO Payments (EVO Payments) Cash Ratio : 0.34 (As of Dec. 2022)


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What is EVO Payments 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. EVO Payments's Cash Ratio for the quarter that ended in Dec. 2022 was 0.34.

EVO Payments has a Cash Ratio of 0.34. 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 EVO Payments's Cash Ratio or its related term are showing as below:

EVOP' s Cash Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.48   Max: 0.7
Current: 0.34

During the past 7 years, EVO Payments's highest Cash Ratio was 0.70. The lowest was 0.27. And the median was 0.48.

EVOP's Cash Ratio is not ranked
in the Software industry.
Industry Median: 0.76 vs EVOP: 0.34

EVO Payments Cash Ratio Historical Data

The historical data trend for EVO Payments'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.

* Premium members only.

EVO Payments Cash Ratio Chart

EVO Payments Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
Get a 7-Day Free Trial 0.55 0.48 0.70 0.70 0.34

EVO Payments Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.68 0.68 0.68 0.34

Competitive Comparison of EVO Payments's Cash Ratio

For the Software - Infrastructure subindustry, EVO Payments'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.


EVO Payments's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, EVO Payments's Cash Ratio distribution charts can be found below:

* The bar in red indicates where EVO Payments's Cash Ratio falls into.



EVO Payments Cash Ratio Calculation

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

EVO Payments'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
=356.459/1053.144
=0.34

EVO Payments'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
=356.459/1053.144
=0.34

* 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.


EVO Payments  (NAS:EVOP) 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.


EVO Payments Cash Ratio Related Terms

Thank you for viewing the detailed overview of EVO Payments's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


EVO Payments (EVO Payments) Business Description

Traded in Other Exchanges
N/A
Address
Ten Glenlake Parkway, Suite 950, South Tower, Atlanta, GA, USA, 30328
EVO Payments Inc provides card-based payment processing services to small and middle market merchants, multinational corporations, government agencies, and other business and nonprofit enterprises located throughout the Americas and Europe. The company offers payment transaction processing, fraud & loss prevention, cashback, accelerated funding, currency conversion, loyalty programs, and receivables management services. The firm operates its business through two segments: the Americas and Europe. It offers merchant acquiring solutions, including integrated solutions for retail transactions at physical business locations, as well as eCommerce and mobile transactions.
Executives
Kelli Sterrett officer: EVP, GC and Secretary 10 GLENLAKE PARKWAY SOUTH TOWER, SUITE 950, ATLANTA GA 30328
Nikki Tinsley Harland director 10 GLENLAKE PARKWAY, SOUTH TOWER, ATLANTA GA 30328
Mark A Chancy director 303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
David Wayne Leeds director TEN GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30328
Anthony J. Radesca officer: SVP, Chief Accounting Officer 520 MADISON AVENUE, NEW YORK NY 10022
Laura Marie Miller director 320 QUIET WATER LANE, ATLANTA GA 30350
Stacey J. Panayiotou director 9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
Thomas E Panther officer: Chief Financial Officer 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30328
Darren Wilson director TEN GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30309
Michael L Reidenbach officer: EVP, CIO TEN GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30309
James G Kelly director, officer: Chief Executive Officer
Brendan F Tansill officer: President, North America TEN GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30309
De Groot Steven J officer: EVP, GC and Secretary TEN GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30309
Catherine H Lafiandra officer: Chief HR Officer 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
David L Goldman officer: See Remarks TEN GLENLAKE PARKWAY, SOUTH TOWER, SUITE 950, ATLANTA GA 30309

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