International Money Express has a Cash Ratio of 1.07. 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 International Money Express's Cash Ratio or its related term are showing as below:
IMXI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.01 Max: 1.13
Current: 1.07
During the past 9 years, International Money Express's highest Cash Ratio was 1.13. The lowest was 0.81. And the median was 1.01.
IMXI's Cash Ratio is ranked better than 59.92% of 2762
companies
in the Software industry
Industry Median: 0.77
vs IMXI: 1.07
International Money Express Cash Ratio Historical Data
* 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 International Money Express's Cash Ratio
For the Software - Infrastructure subindustry, International Money Express'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.
International Money Express's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, International Money Express's Cash Ratio distribution charts can be found below:
* The bar in red indicates where International Money Express's Cash Ratio falls into.
International Money Express Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
International Money Express (NAS:IMXI) 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.
International Money Express Cash Ratio Related Terms
Thank you for viewing the detailed overview of International Money Express's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
International Money Express (International Money Express) Business Description
International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
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