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. ITEX's Cash Ratio for the quarter that ended in Jul. 2023 was 7.24.
ITEX has a Cash Ratio of 7.24. 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 ITEX's Cash Ratio or its related term are showing as below:
ITEX'
s Cash Ratio Range Over the Past 10 Years
Min: 1.5 Med: 2.55 Max: 7.24
Current: 7.24
During the past 13 years, ITEX's highest Cash Ratio was 7.24. The lowest was 1.50. And the median was 2.55.
ITEX's Cash Ratio is ranked better than 83.99% of 656
companies
in the Capital Markets industry
Industry Median: 0.89
vs ITEX: 7.24
ITEX Cash Ratio Historical Data
The historical data trend for ITEX'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.
For the Capital Markets subindustry, ITEX'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.
ITEX's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ITEX's Cash Ratio distribution charts can be found below:
* The bar in red indicates where ITEX's Cash Ratio falls into.
ITEX Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
ITEX's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:
* 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.
ITEX (OTCPK:ITEX) 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.
ITEX Cash Ratio Related Terms
Thank you for viewing the detailed overview of ITEX's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
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