Everspin Technologies has a Cash Ratio of 5.90. 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 Everspin Technologies's Cash Ratio or its related term are showing as below:
MRAM'
s Cash Ratio Range Over the Past 10 Years
Min: 0.08 Med: 1.97 Max: 5.9
Current: 5.9
During the past 10 years, Everspin Technologies's highest Cash Ratio was 5.90. The lowest was 0.08. And the median was 1.97.
MRAM's Cash Ratio is ranked better than 90.6% of 989
companies
in the Semiconductors industry
Industry Median: 1.09
vs MRAM: 5.90
* 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 Everspin Technologies's Cash Ratio
For the Semiconductors subindustry, Everspin Technologies'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.
Everspin Technologies's Cash Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Everspin Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Everspin Technologies's Cash Ratio falls into.
Everspin Technologies Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Everspin Technologies'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.
Everspin Technologies (NAS:MRAM) 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.
Everspin Technologies Cash Ratio Related Terms
Thank you for viewing the detailed overview of Everspin Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Everspin Technologies (Everspin Technologies) Business Description
Everspin Technologies Inc is a provider of Magnetoresistive Random Access Memory (MRAM) products. Its portfolio of MRAM technologies, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM), delivers superior performance, persistence, and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. The company derives revenue from the sale of MRAM-based products in discrete unit form, licenses of and royalties on MRAM and magnetic sensor technology, the sale of backend foundry services, and design services to third parties. It recognizes revenue in three primary geographic regions; North America; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).
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