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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. Eve Holding's Cash Ratio for the quarter that ended in Dec. 2023 was 3.04.
Eve Holding has a Cash Ratio of 3.04. 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 Eve Holding's Cash Ratio or its related term are showing as below:
During the past 5 years, Eve Holding's highest Cash Ratio was 9.14. The lowest was 1.41. And the median was 3.04.
The historical data trend for Eve Holding'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.
Eve Holding Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash Ratio | - | - | 1.41 | 9.14 | 3.04 |
Eve Holding Quarterly Data | |||||||||||||
Dec19 | Dec20 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Ratio | Get a 7-Day Free Trial | 9.14 | 6.42 | 4.78 | 3.78 | 3.04 |
For the Aerospace & Defense subindustry, Eve Holding'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 Aerospace & Defense industry and Industrials sector, Eve Holding's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Eve Holding'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.
Eve Holding'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 |
= | 158.1 | / | 51.989 | |
= | 3.04 |
Eve Holding'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 |
= | 158.1 | / | 51.989 | |
= | 3.04 |
* 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.
Eve Holding (NYSE:EVEX) 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 Eve Holding's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Johann Bordais | officer: Chief Executive Officer | C/O EVE MOBILITY, 4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807 |
Maria Cordon | director | C/O EVE HOLDING, INC., 1400 GENERAL AVIATION DRIVE, MELBOURNE FL 32395 |
Paul Eremenko | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Entrecanales Domecq Jose Manuel | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Luis Carlos Affonso | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Embraer Aircraft Holding, Inc. | director, 10 percent owner | 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Michael Amalfitano | director | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Marion C Blakey | director | C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188 |
Eduardo Siffert Couto | officer: Chief Financial Officer | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
Andre Duarte Stein | officer: Co-Chief Executive Officer | C/O EMBRAER AIRCRAFT HOLDING, INC., 276 SOUTHWEST 34TH STREET, FORT LAUDERDALE FL 33315 |
S.a. Embraer | director, 10 percent owner | AV. BRIGADEIRO FARIA LIMA 2170, SAO JOSE DOS CAMPOS D5 12227901 |
Sergio Pedreiro | director | 2 PARK AVENUE, NEW YORK NY 10016 |
Patrick M Shanahan | director | C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122 |
Triple8, Llc | 10 percent owner | ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636 |
Eldridge Industries, Llc | 10 percent owner | 600 STEAMBOAT ROAD, GREENWICH CT 06830 |
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