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Vado Cash Ratio

: 0.90 (As of May. 2022)
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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. Vado's Cash Ratio for the quarter that ended in May. 2022 was 0.90.

Vado has a Cash Ratio of 0.90. 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 Vado's Cash Ratio or its related term are showing as below:

VADP' s Cash Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.88   Max: 6.83
Current: 0.9

During the past 5 years, Vado's highest Cash Ratio was 6.83. The lowest was 0.06. And the median was 0.88.

VADP's Cash Ratio is ranked better than
51.98% of 756 companies
in the Diversified Financial Services industry
Industry Median: 0.84 vs VADP: 0.90

Vado Cash Ratio Historical Data

The historical data trend for Vado'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.

Vado Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21
Cash Ratio
0.75 1.47 - 6.83 1.78

Vado Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Cash Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.10 1.78 1.06 0.90

Competitive Comparison

For the Shell Companies subindustry, Vado'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.

   

Vado Cash Ratio Distribution

For the Diversified Financial Services industry and Financial Services sector, Vado's Cash Ratio distribution charts can be found below:

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



Vado Cash Ratio Calculation

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

Vado's Cash Ratio for the fiscal year that ended in Nov. 2021 is calculated as:

Cash Ratio (A: Nov. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.073/0.041
=1.78

Vado's Cash Ratio for the quarter that ended in May. 2022 is calculated as:

Cash Ratio (Q: May. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.036/0.04
=0.90

* 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.


Vado  (OTCPK:VADP) 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.


Vado Cash Ratio Related Terms

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Vado Business Description

Vado logo
Traded in Other Exchanges
N/A
Address
4001 South 700 East, Suite 500, Salt Lake City, UT, USA, 84107
Vado Corp is a development stage company seeking new business opportunities in the United States and abroad.

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