GURUFOCUS.COM » STOCK LIST » Technology » Software » Identillect Technologies Corp (STU:8ID) » Definitions » Cash Ratio

Identillect Technologies (STU:8ID) Cash Ratio : 0.01 (As of Sep. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Identillect Technologies Cash Ratio?

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. Identillect Technologies's Cash Ratio for the quarter that ended in Sep. 2023 was 0.01.

Identillect Technologies has a Cash Ratio of 0.01. 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 Identillect Technologies's Cash Ratio or its related term are showing as below:

STU:8ID' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 1.12
Current: 0.01

During the past 13 years, Identillect Technologies's highest Cash Ratio was 1.12. The lowest was 0.01. And the median was 0.02.

STU:8ID's Cash Ratio is ranked worse than
98.12% of 2768 companies
in the Software industry
Industry Median: 0.78 vs STU:8ID: 0.01

Identillect Technologies Cash Ratio Historical Data

The historical data trend for Identillect Technologies'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.

Identillect Technologies Cash Ratio Chart

Identillect Technologies Annual Data
Trend Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 - 0.01 0.02 0.09

Identillect Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash Ratio Get a 7-Day Free Trial 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 0.02 0.09 0.02 0.02 0.01

Competitive Comparison of Identillect Technologies's Cash Ratio

For the Software - Application subindustry, Identillect 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.


Identillect Technologies's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Identillect Technologies's Cash Ratio distribution charts can be found below:

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



Identillect 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.

Identillect Technologies's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.095/1.054
=0.09

Identillect Technologies's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.018/1.241
=0.01

* 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.


Identillect Technologies  (STU:8ID) 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.


Identillect Technologies Cash Ratio Related Terms

Thank you for viewing the detailed overview of Identillect Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Identillect Technologies (STU:8ID) Business Description

Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.

Identillect Technologies (STU:8ID) Headlines

No Headlines