Market Cap : 1.4 B | Enterprise Value : 1.24 B | PE Ratio : 15.79 | PB Ratio : 1.64 |
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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. Photronics's Cash Ratio for the quarter that ended in Apr. 2022 was 1.77.
Photronics has a Cash Ratio of 1.77. 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 Photronics's Cash Ratio or its related term are showing as below:
During the past 13 years, Photronics's highest Cash Ratio was 4.38. The lowest was 0.15. And the median was 1.44.
PLAB's Cash Ratio is ranked better thanThe historical data trend for Photronics'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.
For the Semiconductor Equipment & Materials subindustry, Photronics'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 Semiconductors industry and Technology sector, Photronics's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Photronics'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.
Photronics's Cash Ratio for the fiscal year that ended in Oct. 2021 is calculated as:
Cash Ratio (A: Oct. 2021 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 276.67 | / | 176.148 | |
= | 1.57 |
Photronics's Cash Ratio for the quarter that ended in Apr. 2022 is calculated as:
Cash Ratio (Q: Apr. 2022 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 329.282 | / | 186.471 | |
= | 1.77 |
* 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.
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 Photronics's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lewis Adam M | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Liao Daniel Jl | director | 2045 EAST INNOVATION CIRCLE TEMPE AZ 85284 |
Paladino Mary | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Lee Kang Jyh | officer: President, Asia IC Photomask | 15 SECOR ROAD BROOKFIELD CT 06804 |
Jordan John P | officer: SVP & Chief Financial Officer | 600 EAST GREENWICH AVENUE WEST WARWICK RI 02893 |
Hsia Liang Choo | director | 15 SECOR RD. BROOKFIELD CT 06804 |
Gmt Capital Corp | 10 percent owner | GMT CAPITAL CORP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 |
Burr Richelle E | officer: VP, General Counsel & Secy | 15 SECOR RD BROOKFIELD CT 06804 |
Kirlin Peter S | officer: Senior VP, U.S. & Europe | 15 SECOR ROAD BROOKFIELD CT 06804 |
Progler Christopher J | officer: VP,Chief Technology Officer | 15 SECOR ROAD BROOKFIELD CT 06804 |
Jeong Soo Hong | officer: COO, President-Asia Operations | 15 SECOR ROAD BROOKFIELD CT 06804 |
Luttati Michael J | director, officer: Chief Executive Officer | 15 SECOR ROAD BROOKFIELD CT 06804 |
Maris Willem D | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Tyson Mitchell G | director | 15 SECOR ROAD BROOKFIELD CT 06804 |
Yomazzo Michael J | director | 15 SECOR ROAD PO BOX 5226 BROOKFIELD CT 06804 |
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