Milestone Scientific has a Cash Ratio of 1.94. 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 Milestone Scientific's Cash Ratio or its related term are showing as below:
MLSS'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 1.55 Max: 4.94
Current: 1.94
During the past 13 years, Milestone Scientific's highest Cash Ratio was 4.94. The lowest was 0.15. And the median was 1.55.
MLSS's Cash Ratio is ranked better than 62.11% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 1.23
vs MLSS: 1.94
Milestone Scientific Cash Ratio Historical Data
The historical data trend for Milestone Scientific'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.
Competitive Comparison of Milestone Scientific's Cash Ratio
For the Medical Instruments & Supplies subindustry, Milestone Scientific'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.
Milestone Scientific's Cash Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Milestone Scientific's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Milestone Scientific's Cash Ratio falls into.
Milestone Scientific Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Milestone Scientific's Cash Ratio for the fiscal year that ended in Dec. 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.
Milestone Scientific (AMEX:MLSS) 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.
Milestone Scientific Cash Ratio Related Terms
Thank you for viewing the detailed overview of Milestone Scientific's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Milestone Scientific (Milestone Scientific) Business Description
Milestone Scientific Inc is engaged in pioneering proprietary, technological systems, and solutions for the medical and dental markets. It develops, manufactures, markets and sells the computer-controlled system for the improved and painless delivery of local anesthetic. The system is marketed in dentistry under the trademark CompuDent and in medicine under the trademark CompuMed. In addition, the company provides The Wand, a handpiece that allows dentists to provide painless injections for virtually various dental procedures, including routine cleanings and fillings, as well as implants, root canals, and crowns. The Company conducts its business through two reportable segments: Dental and Medical. Geographically all the operations of the firm function through the region of the U.S.
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