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. Fair Isaac's Cash Ratio for the quarter that ended in Jun. 2022 was 0.40.
Fair Isaac has a Cash Ratio of 0.40. 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 Fair Isaac's Cash Ratio or its related term are showing as below:
FICO'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.5 Max: 5.46
Current: 0.4
During the past 13 years, Fair Isaac's highest Cash Ratio was 5.46. The lowest was 0.15. And the median was 0.50.
FICO's Cash Ratio is ranked worse than 73.53% of 2690
companies
in the Software industry
Industry Median: 0.98
vs FICO: 0.40
Fair Isaac Cash Ratio Historical Data
The historical data trend for Fair Isaac'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.
Fair Isaac Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Cash Ratio
0.32
0.19
0.22
0.38
0.35
Fair Isaac Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Cash Ratio
0.44
0.35
0.50
0.46
0.40
Competitive Comparison
For the Software - Application subindustry, Fair Isaac'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.
Fair Isaac Cash Ratio Distribution
For the Software industry and Technology sector, Fair Isaac's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Fair Isaac's Cash Ratio falls into.
Fair Isaac Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Fair Isaac's Cash Ratio for the fiscal year that ended in Sep. 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.
Fair Isaac (NYSE:FICO) 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.
Fair Isaac Cash Ratio Related Terms
Thank you for viewing the detailed overview of Fair Isaac's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fair Isaac Corp is an applied analytics company. The firm operates in two segments: Software segment that includes pre-configured analytic and decision management solutions designed for a specific type of business need or process - such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing - as well as associated professional services. Scores segment includes business-to-business scoring solutions and services which give clients access to predictive credit and other scores.
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