Steel Connect (Steel Connect) Cash Ratio : 3.66 (As of Jan. 2024)

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What is Steel Connect Cash Ratio?

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. Steel Connect's Cash Ratio for the quarter that ended in Jan. 2024 was 3.66.

Steel Connect has a Cash Ratio of 3.66. 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 Steel Connect's Cash Ratio or its related term are showing as below:

STCN' s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.65 Max: 3.66
Current: 3.66

During the past 13 years, Steel Connect's highest Cash Ratio was 3.66. The lowest was 0.09. And the median was 0.65.

STCN's Cash Ratio is ranked better than
92.17% of 1022 companies
in the Media - Diversified industry
Industry Median: 0.55 vs STCN: 3.66

Steel Connect Cash Ratio Historical Data

The historical data trend for Steel Connect'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.

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Steel Connect Cash Ratio Chart

Steel Connect Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash Ratio

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0.13

0.30

0.27

0.63

1.79

Steel Connect Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash Ratio	Get a 7-Day Free Trial															0.73	0.78	1.79	3.55	3.66

Competitive Comparison of Steel Connect's Cash Ratio

For the Advertising Agencies subindustry, Steel Connect'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.

Steel Connect's Cash Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Steel Connect's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Steel Connect's Cash Ratio falls into.

Steel Connect Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Steel Connect's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Cash Ratio (A: Jul. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	121.372	/	67.754
	=	1.79

Steel Connect's Cash Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash Ratio (Q: Jan. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	276.422	/	75.617
	=	3.66

Steel Connect (NAS:STCN) 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.

Steel Connect Cash Ratio Related Terms

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Steel Connect (Steel Connect) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Steel Connect Inc (NAS:STCN) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

CGO:Germany

Address

590 Madison Avenue, New York, DE, USA, 10022

Website

https://www.steelconnectinc.com

Steel Connect Inc is a diversified holding company. The company's operating segment include Direct Marketing and Supply Chain. It generates maximum revenue from the Direct Marketing segment. Geographically, it derives a majority of revenue from the United States and also has a presence in China; Netherlands, and others. The company serves clients in various industries including consumer electronics, communications, computing, software, storage, and retail industries.

Executives

Steel Partners Holdings L.p.	other: See Explanation of Responses	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Joseph Richards Martin	director	C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Ryan O'herrin	officer: Chief Financial Officer	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022-8547
Webfinancial Holding Corp	director, 10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wf Asset Corp.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Gary Tankard	officer: Chief Accounting Officer	C/O STEEL PARTNERS HOLDINGS LP, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jason Wong	officer: Chief Financial Officer	590 MADISON AVENUE, FLOOR 32, C/O STEEL PARTNERS HOLDINGS LP, NEW YORK NY 10022
Renata Simril	director	5055 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90036
Fawaz Khalil	officer: CEO, ModusLink Corporation	C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
John Ashe	officer: CEO,IWCO Direct Holdings, Inc.	C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
Maria Molland	director	1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
Joseph B Sherk	officer: Chief Accounting Officer	C/O UNITED RENTALS INC, FIVE GREENWICH OFFICE PARK, GREENWICH CT 06830
Douglas Woodworth	officer: Chief Financial Officer	STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Excel Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Philip E. Lengyel	director	C/O MODUSLINK GLOBAL SOLUTIONS, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451