The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. inContact's current ratio for the quarter that ended in Sep. 2016 was 2.88.
inContact has a current ratio of 2.88. It generally indicates good short-term financial strength.
The historical rank and industry rank for inContact's Current Ratio or its related term are showing as below:
SAAS's Current Ratio is not ranked *
in the Software industry.
Industry Median: 1.78 * Ranked among companies with meaningful Current Ratio only.
inContact Current Ratio Historical Data
The historical data trend for inContact's Current 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 inContact's Current Ratio
For the Software - Application subindustry, inContact's Current Ratio, along with its competitors' market caps and Current 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.
inContact's Current Ratio Distribution in the Software Industry
For the Software industry and Technology sector, inContact's Current Ratio distribution charts can be found below:
* The bar in red indicates where inContact's Current Ratio falls into.
inContact Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
inContact's Current Ratio for the fiscal year that ended in Dec. 2015 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.
inContact (NAS:SAAS) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
inContact Current Ratio Related Terms
Thank you for viewing the detailed overview of inContact's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
inContact Inc began in 1997 as a reseller of network connectivity services. The Company helps contact centers to create effective customer experiences through its portfolio of cloud contact center call routing, self-service and agent optimization solutions. Its cloud software solutions and services enable contact centers to operate more efficiently, optimize the cost and quality of every customer interaction, and ensure ongoing customer-centric business improvement and growth. The Company's technology platform provides its customers a pay-as-you-go solution without the costs and complexities of premise-based systems. Its proven cloud delivery model provides compelling total cost of ownership savings over premise-based technology by reducing upfront capital expenditures, eliminating the expense of system management and maintenance fees, while providing agility that enables businesses to scale their technology as they grow. The Company operates under two business segments: Software and Network connectivity. The Software segment includes all services related to the delivery of its cloud contact center software solutions. The Network connectivity segment includes all voice and data long distance services provided to customers. The Company provides software which includes the following: automatic call distributing, computer telephony integration, interactive voice response with speech recognition, outbound dialing, PBX and CRM integration, echo agent service surveys and reports, workforce optimization, quality monitoring and screen recording. The Company's registered trademarks include inContact, inTouch, ECHO, inCloud, Satisfaction as a Service and Personal Connection.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SAAS has been successfully added to your 