Video River Networks has a Cash Ratio of 3.33. 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 Video River Networks's Cash Ratio or its related term are showing as below:
NIHK'
s Cash Ratio Range Over the Past 10 Years
Min: 1.31 Med: 25.56 Max: 69.33
Current: 3.33
During the past 13 years, Video River Networks's highest Cash Ratio was 69.33. The lowest was 1.31. And the median was 25.56.
NIHK's Cash Ratio is ranked better than 76.64% of 655
companies
in the Capital Markets industry
Industry Median: 0.89
vs NIHK: 3.33
Video River Networks Cash Ratio Historical Data
The historical data trend for Video River Networks'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 Video River Networks's Cash Ratio
For the Capital Markets subindustry, Video River Networks'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.
Video River Networks's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Video River Networks's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Video River Networks's Cash Ratio falls into.
Video River Networks Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Video River Networks'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.
Video River Networks (OTCPK:NIHK) 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.
Video River Networks Cash Ratio Related Terms
Thank you for viewing the detailed overview of Video River Networks's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Video River Networks (Video River Networks) Business Description
Video River Networks Inc is a specialty real estate holding company. The company has two lines of real estate business which is to promote and preserve affordable housing and economic development across urban neighborhoods in the United States. It is also involved in the Electric Vehicles (EV) business, Artificial Intelligence, Machine Learning and Robotics assets, businesses and operations in North America.
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