Lottery.com has a Cash Ratio of 0.01. 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 Lottery.com's Cash Ratio or its related term are showing as below:
LTRY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 3.1
Current: 0.01
During the past 5 years, Lottery.com's highest Cash Ratio was 3.10. The lowest was 0.01. And the median was 0.01.
LTRY's Cash Ratio is ranked worse than 98.16% of 815
companies
in the Travel & Leisure industry
Industry Median: 0.57
vs LTRY: 0.01
Lottery.com Cash Ratio Historical Data
The historical data trend for Lottery.com'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 Lottery.com's Cash Ratio
For the Gambling subindustry, Lottery.com'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.
Lottery.com's Cash Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lottery.com's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Lottery.com's Cash Ratio falls into.
Lottery.com Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Lottery.com's Cash Ratio for the fiscal year that ended in Dec. 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.
Lottery.com (NAS:LTRY) 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.
Lottery.com Cash Ratio Related Terms
Thank you for viewing the detailed overview of Lottery.com's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lottery.com Inc is a technology company that is transforming how, where, and when the lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. It offers more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, the firm is fundamentally changing how non-profit donors are incentivized to action by gasifying charitable giving. In all that its mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.
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