DiDi Global (DiDi Global) Cash Ratio : 1.67 (As of Dec. 2023)

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What is DiDi Global 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. DiDi Global's Cash Ratio for the quarter that ended in Dec. 2023 was 1.67.

DiDi Global has a Cash Ratio of 1.67. 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 DiDi Global's Cash Ratio or its related term are showing as below:

DIDIY' s Cash Ratio Range Over the Past 10 Years
Min: 1.67 Med: 2.24 Max: 4.31
Current: 1.67

During the past 6 years, DiDi Global's highest Cash Ratio was 4.31. The lowest was 1.67. And the median was 2.24.

DIDIY's Cash Ratio is ranked better than
71.86% of 2768 companies
in the Software industry
Industry Median: 0.775 vs DIDIY: 1.67

DiDi Global Cash Ratio Historical Data

The historical data trend for DiDi Global'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.

DiDi Global Cash Ratio Chart

DiDi Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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3.72

2.16

2.32

1.90

1.67

DiDi Global Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial											-	1.90	1.87	1.69	1.67

Competitive Comparison of DiDi Global's Cash Ratio

For the Software - Application subindustry, DiDi Global'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.

DiDi Global's Cash Ratio Distribution in the Software Industry

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

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

DiDi Global Cash Ratio Calculation

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

DiDi Global's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	6668.559	/	3997.754
	=	1.67

DiDi Global'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
	=	6668.559	/	3997.754
	=	1.67

DiDi Global (OTCPK:DIDIY) 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.

DiDi Global Cash Ratio Related Terms

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DiDi Global (DiDi Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DiDi Global Inc (OTCPK:DIDIY) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

92S:Germany

Address

North Ring Road, Tangjialing, Building 1, Yard 6, Haidian District, Beijing, CHN

Website

https://www.didiglobal.com

DiDi Global Inc is a mobility technology platform. It is building four key components of its platform that work together to improve the consumer experience: shared mobility, auto solutions, electric mobility, and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing, chauffeur, hitch, and other services; International; and Other Initiatives.