Guardforce AI Co (Guardforce AI Co) Cash Ratio : 1.44 (As of Dec. 2023)

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What is Guardforce AI Co 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. Guardforce AI Co's Cash Ratio for the quarter that ended in Dec. 2023 was 1.44.

Guardforce AI Co has a Cash Ratio of 1.44. 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 Guardforce AI Co's Cash Ratio or its related term are showing as below:

GFAI' s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.57 Max: 1.44
Current: 1.44

During the past 5 years, Guardforce AI Co's highest Cash Ratio was 1.44. The lowest was 0.23. And the median was 0.57.

GFAI's Cash Ratio is ranked better than
74.19% of 1054 companies
in the Business Services industry
Industry Median: 0.565 vs GFAI: 1.44

Guardforce AI Co Cash Ratio Historical Data

The historical data trend for Guardforce AI Co'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.

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Guardforce AI Co Cash Ratio Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

0.23

1.04

0.57

0.36

1.44

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial				0.57	0.26	0.36	1.44	1.44

Competitive Comparison of Guardforce AI Co's Cash Ratio

For the Security & Protection Services subindustry, Guardforce AI Co'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.

Guardforce AI Co's Cash Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Guardforce AI Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Guardforce AI Co's Cash Ratio falls into.

Guardforce AI Co Cash Ratio Calculation

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

Guardforce AI Co'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
	=	20.235	/	14.007
	=	1.44

Guardforce AI Co'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
	=	20.235	/	14.007
	=	1.44

Guardforce AI Co (NAS:GFAI) 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.

Guardforce AI Co Cash Ratio Related Terms

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Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.