Hydrogen De France has a Cash Ratio of 10.09. 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 Hydrogen De France's Cash Ratio or its related term are showing as below:
XPAR:HDF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.16 Med: 3.41 Max: 15.58
Current: 4.59
During the past 6 years, Hydrogen De France's highest Cash Ratio was 15.58. The lowest was 0.16. And the median was 3.41.
The historical data trend for Hydrogen De France'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 Hydrogen De France's Cash Ratio
For the Utilities - Renewable subindustry, Hydrogen De France'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.
Hydrogen De France's Cash Ratio Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Hydrogen De France's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Hydrogen De France's Cash Ratio falls into.
Hydrogen De France Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Hydrogen De France'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.
Hydrogen De France (XPAR:HDF) 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.
Hydrogen De France Cash Ratio Related Terms
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Hydrogen De France (XPAR:HDF) Business Description
Hydrogen De France is a global pioneer in hydrogen power. The company develops and operates high capacity large-scale Hydrogen-to-Power infrastructure to provide firm or on-demand electricity from renewable energy sources, combined with high power multimegawatt fuel cells.
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