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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. OpenLocker Holdings's Cash Ratio for the quarter that ended in Jan. 2024 was 0.05.
OpenLocker Holdings has a Cash Ratio of 0.05. 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 OpenLocker Holdings's Cash Ratio or its related term are showing as below:
During the past 4 years, OpenLocker Holdings's highest Cash Ratio was 17.85. The lowest was 0.01. And the median was 0.44.
The historical data trend for OpenLocker Holdings'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.
OpenLocker Holdings Annual Data | |||||||||
Trend | Dec19 | Dec20 | Jul22 | Jul23 | |||||
Cash Ratio | 0.01 | - | 6.01 | 0.13 |
OpenLocker Holdings Quarterly Data | ||||||||||||
Dec19 | Dec20 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Cash Ratio | Get a 7-Day Free Trial | 3.16 | 1.68 | 0.13 | 0.15 | 0.05 |
For the Capital Markets subindustry, OpenLocker Holdings'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 Capital Markets industry and Financial Services sector, OpenLocker Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where OpenLocker Holdings'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.
OpenLocker Holdings's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:
Cash Ratio (A: Jul. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 0.016 | / | 0.124 | |
= | 0.13 |
OpenLocker Holdings's Cash Ratio for the quarter that ended in Jan. 2024 is calculated as:
Cash Ratio (Q: Jan. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 0.022 | / | 0.406 | |
= | 0.05 |
* 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.
OpenLocker Holdings (OTCPK:OLKR) 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 OpenLocker Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Abby Eileen Klatsky | 10 percent owner | 12 WINSOR PLACE, GLEN RIDGE NJ 07028 |
Brendan John O'brien | 10 percent owner | 575 JERICHO TURNPIKE, SUITE 307, JERICHO NY 11753 |
Brian Lance Klatsky | director, officer: President, OpenLocker Inc. | 320 BROAD STREET, RED BANK NJ 07701 |
Lauren Blair Klatsky | officer: COO of OpenLocker Inc. | 320 BROAD STREET, RED BANK NJ 07701 |
Laura E Anthony | director, 10 percent owner, officer: President | LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401 |
Howard Gostfrand | director, 10 percent owner, officer: Chief Executive Officer | 625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401 |
Meir Wexler | director, officer: Chief Investment Officer | 2123 DUNWOODY GLN, DUNWOODY GA 30338 |
Aleksandr Rubin | director, officer: CEO, PFO, PAO | 400 SUNNY ISLES BLVD, APT 1019, NORTH MIAMI FL 33160 |
Balance Labs, Inc. | 10 percent owner | 407 LINCOLN ROAD, SUITE 701, MIAMI BEACH FL 33139 |
Jason Lyons | 10 percent owner | 612 HOWARD STREET, SAN FRANCISCO CA 94549 |
Mikael Lundgren | officer: President | 9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210 |
Mid Atlantic Capital Associates Inc. | officer: President | 9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210 |
Wayne A Root | director, 10 percent owner | 5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118 |
Douglas R Miller | director, officer: President and COO | 5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118 |
Roger Lee Harrison | director | 8455 BEVERLY BLVD, STE 407, WEST HOLLYWOOD CA 90048 |
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