Prime Bit Games (WAR:PBT) Cash Ratio : 0.01 (As of Dec. 2023)

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What is Prime Bit Games 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. Prime Bit Games's Cash Ratio for the quarter that ended in Dec. 2023 was 0.01.

Prime Bit Games has a Cash Ratio of 0.01. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Prime Bit Games's Cash Ratio or its related term are showing as below:

WAR:PBT' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.38 Max: 0.79
Current: 0.01

During the past 7 years, Prime Bit Games's highest Cash Ratio was 0.79. The lowest was 0.01. And the median was 0.38.

WAR:PBT's Cash Ratio is ranked worse than
97.25% of 581 companies
in the Interactive Media industry
Industry Median: 1.16 vs WAR:PBT: 0.01

Prime Bit Games Cash Ratio Historical Data

The historical data trend for Prime Bit Games'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.

* Premium members only.

Prime Bit Games Cash Ratio Chart

Prime Bit Games Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.45

0.38

0.29

0.09

0.01

Prime Bit Games Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Ratio	Get a 7-Day Free Trial															0.09	0.03	0.01	0.02	0.01

Competitive Comparison of Prime Bit Games's Cash Ratio

For the Electronic Gaming & Multimedia subindustry, Prime Bit Games'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.

Prime Bit Games's Cash Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Prime Bit Games's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Prime Bit Games's Cash Ratio falls into.

Prime Bit Games Cash Ratio Calculation

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

Prime Bit Games's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.018	/	1.463
	=	0.01

Prime Bit Games's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.018	/	1.463
	=	0.01

Prime Bit Games (WAR:PBT) 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.

Prime Bit Games Cash Ratio Related Terms

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Prime Bit Games (WAR:PBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Prime Bit Games SA (WAR:PBT) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Juliusza Slowackiego 24/1107, Rzeszow, POL, 35-060

Website

http://www.primebitgames.com

Prime Bit Games SA is engaged in designing. creating, and publishing mobile, computer, console, and browser games. The company also provides services like porting, co development, designing graphics, and games on customer orders.