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:
PLAB'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 1.44 Max: 4.38
Current: 1.77
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 than 68.72% of 908
companies
in the Semiconductors industry
Industry Median: 0.99
vs PLAB: 1.77
Photronics Cash Ratio Historical Data
The 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.
* Premium members only.
Photronics Annual Data
Trend
Oct12
Oct13
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Cash Ratio
3.77
1.72
1.36
1.95
1.57
Photronics Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Cash Ratio
1.61
1.69
1.57
1.64
1.77
Competitive Comparison
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.
Photronics Cash Ratio Distribution
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.
Photronics Cash Ratio Calculation
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:
* 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.
Photronics (NAS:PLAB) 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.
Photronics Cash Ratio Related Terms
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.
Photronics is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Asia contributing the majority of total revenue.
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