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Boxed (BOXDQ) Cash Ratio : 0.67 (As of Sep. 2022)


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What is Boxed 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. Boxed's Cash Ratio for the quarter that ended in Sep. 2022 was 0.67.

Boxed has a Cash Ratio of 0.67. 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 Boxed's Cash Ratio or its related term are showing as below:

BOXDQ's Cash Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.38
* Ranked among companies with meaningful Cash Ratio only.

Boxed Cash Ratio Historical Data

The historical data trend for Boxed'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.

Boxed Cash Ratio Chart

Boxed Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Cash Ratio
- 0.33 0.79 1.29

Boxed Quarterly Data
Dec18 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 1.29 1.00 0.92 0.67

Competitive Comparison of Boxed's Cash Ratio

For the Internet Retail subindustry, Boxed'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.


Boxed's Cash Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boxed's Cash Ratio distribution charts can be found below:

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



Boxed Cash Ratio Calculation

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

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

Cash Ratio (A: Dec. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=105.027/81.293
=1.29

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

Cash Ratio (Q: Sep. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=36.059/53.754
=0.67

* 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.


Boxed  (OTCPK:BOXDQ) 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.


Boxed Cash Ratio Related Terms

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


Boxed (BOXDQ) Business Description

Traded in Other Exchanges
N/A
Address
451 Broadway, Floor 2, New York, NY, USA, 10013
Boxed Inc is an e-commerce platform selling bulk, high-repeat consumables to consumers and businesses. It offers wholesale products such as groceries, snacks, beverages, and household and cleaning products. It operates in two segments: Boxed Retail, which generates the majority revenue; and Boxed Software & Services. Retail segment engages in the sale of consumer products and goods in bulk sizes to consumers and businesses in the continental United States. Software & Services segment relates to its research, development, marketing, and production of our propriety software for sale to third parties.
Executives
Pamela B Corrie director 100 PIER 1 PLACE, FORT WORTH TX 76102
David Michael Miller officer: Chief Technology Officer C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Alison Weick officer: President, E-Commerce C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Mark Zimowski officer: Chief Financial Officer C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Jared Yaman director, officer: Chief Operating Officer C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Chieh E. Huang director, officer: Chief Executive Officer C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Tsukasa Ojima director C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
David Liu director C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007
Andrew C. Pearson officer: Chief Financial Officer 445 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Yun Jung Choi officer: General Counsel & Secretary C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Veracelle A Vega-hansen officer: Chief People Officer C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Gary S Matthews other: See Remarks 5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Acm Arrt Vii D Llc 10 percent owner ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022
Harshul Sanghi director C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Moore Emerson S. Ii director C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013