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EVgo (EVGO) Cash Ratio : 2.34 (As of Dec. 2023)


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What is EVgo 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. EVgo's Cash Ratio for the quarter that ended in Dec. 2023 was 2.34.

EVgo has a Cash Ratio of 2.34. 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 EVgo's Cash Ratio or its related term are showing as below:

EVGO' s Cash Ratio Range Over the Past 10 Years
Min: 0.1   Med: 2.34   Max: 10.35
Current: 2.34

During the past 5 years, EVgo's highest Cash Ratio was 10.35. The lowest was 0.10. And the median was 2.34.

EVGO's Cash Ratio is ranked better than
91.86% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 0.38 vs EVGO: 2.34

EVgo Cash Ratio Historical Data

The historical data trend for EVgo'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.

EVgo Cash Ratio Chart

EVgo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
0.10 0.12 10.35 2.82 2.34

EVgo Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.82 1.60 3.17 2.48 2.34

Competitive Comparison of EVgo's Cash Ratio

For the Specialty Retail subindustry, EVgo'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.


EVgo's Cash Ratio Distribution in the Retail - Cyclical Industry

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

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



EVgo Cash Ratio Calculation

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

EVgo'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
=209.146/89.347
=2.34

EVgo'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
=209.146/89.347
=2.34

* 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.


EVgo  (NAS:EVGO) 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.


EVgo Cash Ratio Related Terms

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EVgo (EVGO) Business Description

Traded in Other Exchanges
Address
11835 West Olympic Boulevard, Suite 900E, Los Angeles, CA, USA, 90064
EVgo owns and operates a public direct current fast-charging network in the U.S. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. Its network is capable of charging all EV models and charging standards currently available in the U.S. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments and independent property owners in order to locate and deploy its EV charging infrastructure.
Executives
Dennis G Kish officer: Chief Operating Officer 955 EAST ARQUES AVE, SUNNYVALE CA 94086
Francine Sullivan officer: CLO and General Counsel 11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Olga Shevorenkova officer: Chief Financial Officer 11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Stephanie Lee officer: Interim CFO 11835 W. OLYMPIC BLVD. SUITE 900E, LOS ANGELES CA 90064
Ivo Steklac officer: Chief Operating & Tech Officer 11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Cathy Zoi director, officer: Chief Executive Officer 11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
David Nanus director 1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Paul Segal director 1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Jonathan Seelig director C/O ZOOM TELEPHONICS, INC., 99 HIGH STREET, BOSTON MA 02110
Peter Eric Anderson director 11835 W. OLYMPIC BLVD. SUITE 900E, LOS ANGELES CA 90064
Tanvi Chaturvedi officer: Chief Revenue Officer 11835 W. OLYMPIC BLVD. SUITE 900E, LOS ANGELES CA 90064
Jonathan Maier Levy officer: Chief Commercial Officer 11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Caroline Ogata officer: Controller 11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Badar Khan director 69 DENNY ROAD, CHESTNUT HILL MA 02467
Katherine Motlagh director C/O CYRUSONE, 2850 N HARWOOD ST STE 2200, DALLAS TX 75201