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Zooz Power (Zooz Power) Cash Ratio : 7.04 (As of Dec. 2022)


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What is Zooz Power 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. Zooz Power's Cash Ratio for the quarter that ended in Dec. 2022 was 7.04.

Zooz Power has a Cash Ratio of 7.04. 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 Zooz Power's Cash Ratio or its related term are showing as below:

ZOOZ' s Cash Ratio Range Over the Past 10 Years
Min: 2.05   Med: 4.55   Max: 7.04
Current: 2.05

During the past 3 years, Zooz Power's highest Cash Ratio was 7.04. The lowest was 2.05. And the median was 4.55.

ZOOZ's Cash Ratio is ranked better than
90.25% of 1097 companies
in the Retail - Cyclical industry
Industry Median: 0.38 vs ZOOZ: 2.05

Zooz Power Cash Ratio Historical Data

The historical data trend for Zooz Power'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.

Zooz Power Cash Ratio Chart

Zooz Power Annual Data
Trend Dec21 Dec22 Dec23
Cash Ratio
- 7.04 2.05

Zooz Power Quarterly Data
Dec21 Dec22 Dec23
Cash Ratio - 7.04 2.05

Competitive Comparison of Zooz Power's Cash Ratio

For the Specialty Retail subindustry, Zooz Power'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.


Zooz Power's Cash Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zooz Power's Cash Ratio distribution charts can be found below:

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



Zooz Power Cash Ratio Calculation

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

Zooz Power'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
=6.672/3.252
=2.05

Zooz Power's Cash Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash Ratio (Q: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=20.569/2.92
=7.04

* 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.


Zooz Power  (NAS:ZOOZ) 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.


Zooz Power Cash Ratio Related Terms

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Zooz Power (Zooz Power) Business Description

Traded in Other Exchanges
Address
Hamelacha 4B, Lod, ISR, 7152008
Zooz Power Ltd has developed a unique kinetic energy storage technology, which enables unlimited high power charge and discharge cycles. Utilizing its proprietary Kinetic Power Booster technology, the company facilitates the deployment of fast and ultra-fast EV charging stations anywhere. It offers kinetic power boosters, high power chargers, and fully managed charging services for electric vehicles. Its systems are deployed in Germany, Austria, Italy, and the Czech Republic, with leading energy and automotive companies.

Zooz Power (Zooz Power) Headlines

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