Ocean Power Technologies has a Cash Ratio of 1.29. 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 Ocean Power Technologies's Cash Ratio or its related term are showing as below:
OPTT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.74 Med: 4.22 Max: 30.81
Current: 1.29
During the past 13 years, Ocean Power Technologies's highest Cash Ratio was 30.81. The lowest was 0.74. And the median was 4.22.
OPTT's Cash Ratio is ranked better than 75.98% of 2981
companies
in the Industrial Products industry
Industry Median: 0.53
vs OPTT: 1.29
Ocean Power Technologies Cash Ratio Historical Data
* 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.
Competitive Comparison of Ocean Power Technologies's Cash Ratio
For the Specialty Industrial Machinery subindustry, Ocean Power Technologies'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.
Ocean Power Technologies's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ocean Power Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Ocean Power Technologies's Cash Ratio falls into.
Ocean Power Technologies Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Ocean Power Technologies's Cash Ratio for the fiscal year that ended in Apr. 2023 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.
Ocean Power Technologies (AMEX:OPTT) 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.
Ocean Power Technologies Cash Ratio Related Terms
Thank you for viewing the detailed overview of Ocean Power Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ocean Power Technologies (Ocean Power Technologies) Business Description
Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OPTT has been successfully added to your 