Galaxy Gaming has a Cash Ratio of 3.42. 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 Galaxy Gaming's Cash Ratio or its related term are showing as below:
GLXZ'
s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 1.34 Max: 3.65
Current: 3.42
During the past 13 years, Galaxy Gaming's highest Cash Ratio was 3.65. The lowest was 0.07. And the median was 1.34.
GLXZ's Cash Ratio is ranked better than 92.5% of 813
companies
in the Travel & Leisure industry
Industry Median: 0.57
vs GLXZ: 3.42
Galaxy Gaming Cash Ratio Historical Data
The historical data trend for Galaxy Gaming'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.
Competitive Comparison of Galaxy Gaming's Cash Ratio
For the Gambling subindustry, Galaxy Gaming'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.
Galaxy Gaming's Cash Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Gaming's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Galaxy Gaming's Cash Ratio falls into.
Galaxy Gaming Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Galaxy Gaming's Cash Ratio for the fiscal year that ended in Dec. 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.
Galaxy Gaming (OTCPK:GLXZ) 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.
Galaxy Gaming Cash Ratio Related Terms
Thank you for viewing the detailed overview of Galaxy Gaming's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Galaxy Gaming (Galaxy Gaming) Business Description
Galaxy Gaming Inc develops, acquires, assembles, and markets technology and entertainment-based products and services for the gaming industry for placement on casino floors and on legal internet gaming sites. Its products and services are related to licensed casino operators' table game activities and focus on either increasing profitability, productivity, and security or expanding gaming entertainment offerings in the form of proprietary table games, electronically enhanced table game platforms, and fully automated electronic tables and other ancillary equipment. In addition, it licenses intellectual property to legal internet gaming operators. Its products are assembled at headquarters in Las Vegas, Nevada, as well as outsourced for certain sub-assemblies in the United States.
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