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. VOXX International's Cash Ratio for the quarter that ended in May. 2022 was 0.03.
VOXX International has a Cash Ratio of 0.03. 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 VOXX International's Cash Ratio or its related term are showing as below:
VOXX'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 3.79
Current: 0.03
During the past 13 years, VOXX International's highest Cash Ratio was 3.79. The lowest was 0.01. And the median was 0.13.
VOXX's Cash Ratio is ranked worse than 97.02% of 2383
companies
in the Hardware industry
Industry Median: 0.59
vs VOXX: 0.03
VOXX International Cash Ratio Historical Data
The historical data trend for VOXX International'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.
VOXX International Annual Data
Trend
Feb13
Feb14
Feb15
Feb16
Feb17
Feb18
Feb19
Feb20
Feb21
Feb22
Cash Ratio
0.54
0.61
0.53
0.40
0.14
VOXX International Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Cash Ratio
0.30
0.31
0.10
0.14
0.03
Competitive Comparison
For the Consumer Electronics subindustry, VOXX International'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.
VOXX International Cash Ratio Distribution
For the Hardware industry and Technology sector, VOXX International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where VOXX International's Cash Ratio falls into.
VOXX International Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
VOXX International's Cash Ratio for the fiscal year that ended in Feb. 2022 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.
VOXX International (NAS:VOXX) 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.
VOXX International Cash Ratio Related Terms
Thank you for viewing the detailed overview of VOXX International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
VOXX International Corp is a manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. The company markets its products under the Audiovox brand name and other brand names and licensed brands. The company operates in three segments: Automotive Electronics, Consumer Electronics, and Biometrics. The company's product portfolio comprises rear-seat entertainment devices, satellite radio products, automotive security, digital TV tuners, mobile antennas, location-based services, high-end loudspeakers, digital living network alliance compatible devices, wireless and Bluetooth speakers, 360 Fly Action Cameras, reception and digital consumer products.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.13(1.32%) Volume: 167,626 11:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NAS:VOXX has been successfully added to your 
