Akdital (CAS:AKT) Cash Ratio : 0.14 (As of Jun. 2023)

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What is Akdital 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. Akdital's Cash Ratio for the quarter that ended in Jun. 2023 was 0.14.

Akdital has a Cash Ratio of 0.14. 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 Akdital's Cash Ratio or its related term are showing as below:

CAS:AKT' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.48
Current: 0.14

During the past 4 years, Akdital's highest Cash Ratio was 0.48. The lowest was 0.01. And the median was 0.11.

CAS:AKT's Cash Ratio is ranked worse than
78.03% of 651 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs CAS:AKT: 0.14

Akdital Cash Ratio Historical Data

The historical data trend for Akdital'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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Akdital Cash Ratio Chart

Akdital Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash Ratio

0.06

0.48

0.08

0.40

Akdital Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash Ratio	Get a 7-Day Free Trial			-	0.08	0.01	0.40	0.14

Competitive Comparison of Akdital's Cash Ratio

For the Medical Care Facilities subindustry, Akdital'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.

Akdital's Cash Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Akdital's Cash Ratio distribution charts can be found below:

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

Akdital Cash Ratio Calculation

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

Akdital'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
	=	530.26	/	1311.207
	=	0.40

Akdital's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	178.664	/	1288.099
	=	0.14

Akdital (CAS:AKT) 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.

Akdital Cash Ratio Related Terms

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Akdital (CAS:AKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Akdital (CAS:AKT) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

258 Route de l’Oasis, Casablanca, MAR, 20250

Website

https://www.akdital.ma

Akdital operates private healthcare clinics. The company offers healthcare services such as cardiac surgery, neurosurgery, oncology, radiotherapy, intensive care, and neonatal care, providing patients with comprehensive care according to international standards.