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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. KonaTel's Cash Ratio for the quarter that ended in Dec. 2023 was 0.10.
KonaTel has a Cash Ratio of 0.10. 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 KonaTel's Cash Ratio or its related term are showing as below:
During the past 13 years, KonaTel's highest Cash Ratio was 13.91. The lowest was 0.01. And the median was 0.12.
The historical data trend for KonaTel'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.
KonaTel Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 0.12 | 0.58 | 0.95 | 0.45 | 0.10 |
KonaTel Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Ratio | Get a 7-Day Free Trial | 0.45 | 0.34 | 0.21 | 0.23 | 0.10 |
For the Telecom Services subindustry, KonaTel'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.
For the Telecommunication Services industry and Communication Services sector, KonaTel's Cash Ratio distribution charts can be found below:
* The bar in red indicates where KonaTel's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
KonaTel'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 |
= | 0.777 | / | 7.493 | |
= | 0.10 |
KonaTel'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 |
= | 0.777 | / | 7.493 | |
= | 0.10 |
* 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.
KonaTel (OTCPK:KTEL) 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.
Thank you for viewing the detailed overview of KonaTel's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason N. Welch | officer: President of IM Telecom (Sub.) | 135 LIBERTYVILLE ROAD, SUSSEX NJ 07461 |
Todd Murcer | officer: EVP Finance and Secretary | 9248 RAEFORD DRIVE, DALLAS TX 75243 |
Charles David Griffin | officer: COO, President | 2702 BLACK CANYON WAY, CASTLE ROCK CO 80109 |
David S Mcewen | director, 10 percent owner, officer: Chairman, President and CEO | 500 N. CENTRAL EXPRESSWAY, SUITE 202, PLANO TX 75074 |
Matthew Hugh Atkinson | 10 percent owner, officer: Secretary | P. O. BOX 947, CROSSLAKE MN 56442 |
Robert Matthew Beaty | director | 7960 S. FILLMORE CT., CENTENNIAL CO 80122 |
Kenneth Paul Lapier | officer: Vice President, Secretary | 8205 MUNICH DRIVE, ROWLETT TX 75089 |
Joshua Ploude | 10 percent owner | 728 CYPRESS AVE., HERMOSA BEACH CA 90254 |
Jeffrey Pearl | director | 35 WEST MAIN #6013, FRISCO CO 80443 |
Mark S Savage | director, 10 percent owner, officer: President, CEO, Treasurer, CFO | 13911 RIDGEDALE DRIVE, SUITE 375, MINNETONKA MN 55305 |
Terry Wain Addington | director | 376 S. SANDERLIN MOUNTAIN DR., 11774 BIG CANOE, JASPER GA 30143 |
Dennis Miller | director | 18930 JASMINE ROAD, MANKATO MN 56001 |
Brian R. Riffle | officer: CFO | 241 BENTWOOD AVENUE, JOHNSTOWN PA 15904 |
Daniel E. Ryweck | director | 712 VISTA BLVD #305, WACONIA MN 55387 |
Brunson Chandler & Jones Pllc | 10 percent owner | 175 SOUTH MAIN ST., SUITE 1500, SALT LAKE CITY UT 84111 |
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