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. Enthusiast Gaming Holdings's Cash Ratio for the quarter that ended in Sep. 2023 was 0.06.
Enthusiast Gaming Holdings has a Cash Ratio of 0.06. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Enthusiast Gaming Holdings's Cash Ratio or its related term are showing as below:
EGLXF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.52 Max: 39.94
Current: 0.06
During the past 5 years, Enthusiast Gaming Holdings's highest Cash Ratio was 39.94. The lowest was 0.06. And the median was 0.52.
EGLXF's Cash Ratio is ranked worse than 93.32% of 584
companies
in the Interactive Media industry
Industry Median: 1.165
vs EGLXF: 0.06
Enthusiast Gaming Holdings Cash Ratio Historical Data
The historical data trend for Enthusiast Gaming Holdings'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.
Competitive Comparison of Enthusiast Gaming Holdings's Cash Ratio
For the Internet Content & Information subindustry, Enthusiast Gaming Holdings'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.
Enthusiast Gaming Holdings's Cash Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Enthusiast Gaming Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Enthusiast Gaming Holdings's Cash Ratio falls into.
Enthusiast Gaming Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Enthusiast Gaming Holdings's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:
* 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.
Enthusiast Gaming Holdings (OTCPK:EGLXF) 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.
Enthusiast Gaming Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Enthusiast Gaming Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description
Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.
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