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Zedge (ZDGE) Cash Ratio : 3.09 (As of Jan. 2024)


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What is Zedge 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. Zedge's Cash Ratio for the quarter that ended in Jan. 2024 was 3.09.

Zedge has a Cash Ratio of 3.09. 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 Zedge's Cash Ratio or its related term are showing as below:

ZDGE' s Cash Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.95   Max: 5.96
Current: 3.09

During the past 10 years, Zedge's highest Cash Ratio was 5.96. The lowest was 0.56. And the median was 1.95.

ZDGE's Cash Ratio is ranked better than
76.12% of 582 companies
in the Interactive Media industry
Industry Median: 1.18 vs ZDGE: 3.09

Zedge Cash Ratio Historical Data

The historical data trend for Zedge'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.

Zedge Cash Ratio Chart

Zedge Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 1.80 5.96 1.97 3.15

Zedge 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.37 2.49 3.15 3.14 3.09

Competitive Comparison of Zedge's Cash Ratio

For the Internet Content & Information subindustry, Zedge'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.


Zedge's Cash Ratio Distribution in the Interactive Media Industry

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

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



Zedge Cash Ratio Calculation

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

Zedge'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
=18.125/5.759
=3.15

Zedge'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
=18.064/5.841
=3.09

* 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.


Zedge  (AMEX:ZDGE) 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.


Zedge Cash Ratio Related Terms

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Zedge (ZDGE) Business Description

Traded in Other Exchanges
Address
1178 Broadway, 3rd Floor, Suite 1450, New York, NY, USA, 10001
Zedge Inc provides content distribution platforms. Its content platform enables consumers to personalize their mobile devices with free, high-quality ringtones, wallpapers, home screen app icons, widgets and notification sounds as well as paint, a generative AI wallpaper maker, GuruShots, a skill-based photo challenge game, and Emojipedia. The company also launched a Zedge app. It has two reportable segments, which are the Zedge Marketplace and GuruShots.
Executives
Gregory Suess director 9701 WILSHIRE BLVD, 8TH FLOOR, BEVERLY HILLS CA 90212
Elliot Gibber director C/O ZEDGE, INC., 22 CORTLANDT STREET, 14TH FLOOR, NEW YORK NY 10007
Jonathan Reich officer: CFO & COO C/O NET2PHONE INC, 520 BROAD ST, NEWARK NJ 07102
Mark Ghermezian director C/O ZEDGE, INC., 22 CORTLANDT STREET, 14TH FLOOR, NEW YORK NY 10007
Michael C Jonas director C/O GENIE ENERGY LTD., 550 BROAD STREET, NEWARK NJ 07102
Yi Tsai officer: CFO & Treasurer 51 CROSS HWY, WESTPORT CT 06880
Paul Packer director C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Howard S Jonas director
Stephen M Greenberg director C/O NET2PHONE INC, 520 BROAD ST, NEWARK NJ 07102
Todd E Feldman director C/O ZEDGE, INC., 22 COURTLANDT STREET, 14TH FLOOR, NEW YORK NY 10007
Marie Therese Carney director C/O ZEDGE, INC., 22 CORTLANDT STREET, 14TH FLOOR, NEW YORK NY 10007
Tom Arnoy officer: Chief Executive Officer C/O ZEDGE, INC., 22 CORTLANDT STREET, 14TH FLOOR, NEW YORK NY 10007
Idt Corp 10 percent owner 520 BROAD STREET, NEWARK NJ 07102