17 Education & Technology Group (17 Education & Technology Group) Cash Ratio : 2.64 (As of Dec. 2023)

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What is 17 Education & Technology Group 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. 17 Education & Technology Group's Cash Ratio for the quarter that ended in Dec. 2023 was 2.64.

17 Education & Technology Group has a Cash Ratio of 2.64. 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 17 Education & Technology Group's Cash Ratio or its related term are showing as below:

YQ' s Cash Ratio Range Over the Past 10 Years
Min: 0.96 Med: 2.5 Max: 3.94
Current: 2.64

During the past 6 years, 17 Education & Technology Group's highest Cash Ratio was 3.94. The lowest was 0.96. And the median was 2.50.

YQ's Cash Ratio is ranked better than
89.23% of 260 companies
in the Education industry
Industry Median: 0.685 vs YQ: 2.64

17 Education & Technology Group Cash Ratio Historical Data

The historical data trend for 17 Education & Technology Group'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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17 Education & Technology Group Cash Ratio Chart

17 Education & Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.96

2.35

1.73

3.40

2.64

17 Education & Technology Group Quarterly Data
	Dec18	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														3.40	3.14	2.98	2.70	2.64

Competitive Comparison of 17 Education & Technology Group's Cash Ratio

For the Education & Training Services subindustry, 17 Education & Technology Group'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.

17 Education & Technology Group's Cash Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 17 Education & Technology Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where 17 Education & Technology Group's Cash Ratio falls into.

17 Education & Technology Group Cash Ratio Calculation

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

17 Education & Technology Group'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
	=	66.761	/	25.293
	=	2.64

17 Education & Technology Group'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
	=	66.761	/	25.293
	=	2.64

17 Education & Technology Group (NAS:YQ) 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.

17 Education & Technology Group Cash Ratio Related Terms

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17 Education & Technology Group (17 Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 17 Education & Technology Group Inc (NAS:YQ) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Greenland Center, 16th Floor, Block B, Chaoyang District, Beijing, CHN, 100102

Website

https://ucenter.17zuoye.com

17 Education & Technology Group Inc is an education technology company in China. It offers to assist students, teachers, schoolmasters, and educational authorities across China to achieve data-driven teaching, learning, and assessment. Geographically group operates in China.