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ePlus (PLUS) Cash Ratio : 0.23 (As of Dec. 2023)


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What is ePlus 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. ePlus's Cash Ratio for the quarter that ended in Dec. 2023 was 0.23.

ePlus has a Cash Ratio of 0.23. 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 ePlus's Cash Ratio or its related term are showing as below:

PLUS' s Cash Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.22   Max: 0.35
Current: 0.23

During the past 13 years, ePlus's highest Cash Ratio was 0.35. The lowest was 0.09. And the median was 0.22.

PLUS's Cash Ratio is ranked worse than
78.18% of 2768 companies
in the Software industry
Industry Median: 0.775 vs PLUS: 0.23

ePlus Cash Ratio Historical Data

The historical data trend for ePlus'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.

ePlus Cash Ratio Chart

ePlus Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.22 0.28 0.34 0.18

ePlus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.13 0.18 0.13 0.12 0.23

Competitive Comparison of ePlus's Cash Ratio

For the Software - Application subindustry, ePlus'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.


ePlus's Cash Ratio Distribution in the Software Industry

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

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



ePlus Cash Ratio Calculation

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

ePlus's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=103.093/561.326
=0.18

ePlus's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=142.17/631.463
=0.23

* 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.


ePlus  (NAS:PLUS) 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.


ePlus Cash Ratio Related Terms

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ePlus (PLUS) Business Description

Traded in Other Exchanges
Address
13595 Dulles Technology Drive, Herndon, VA, USA, 20171-3413
ePlus Inc is a holding company. ePlus through its subsidiaries provides information technology solutions. The company's technology solutions enable organizations to optimize their IT environment and supply chain processes. It also provides consulting, professional and managed services, and complete lifecycle management services including flexible financing solutions. ePlus focuses on selling to medium and large enterprises in the United States and to customers in select international markets including the United Kingdom, the European Union, India, Singapore, and Israel..
Executives
Darren S Raiguel officer: Chief Operating Officer 25850 YELLOW BIRCH COURT, ALDIE VA 20105
Elaine D Marion officer: Chief Financial Officer 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413
Renee Bergeron director 1347 PANINI DRIVE, HENDERSON NV 89052
John E Callies director 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171
Ira A Hunt director 1051 DEAD RUN DRIVE, MCLEAN VA 22101
Maureen F Morrison director C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, STE 300, DULUTH GA 30097
Ben Xiang director 15 MACARTHUR PLACE, UNIT 1604, SANTA ANA CA 92707
Eric D Hovde 10 percent owner 122 W. WASHINGTON AVENUE, SUITE 350, MADISON WI 53703
Bruce M Bowen director, officer: Executive Vice President C/O EPLUS INC., 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413
Mark P Marron director, officer: Chief Executive Officer
Lawrence S Herman director C/O EPLUS INC, 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413
Faulders C Thomas Iii director 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413
Phillip G Norton director, 10 percent owner, officer: President/CEO C/O EPLUS INC., 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413
Terrence Odonnell director 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413
Steven J Mencarini officer: SVP/CFO C/O EPLUS INC., 13595 DULLES TECHNOLOGY DRIVE, HERNDON VA 20171-3413