TOMI Environmental Solutions has a Cash Ratio of 1.14. 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 TOMI Environmental Solutions's Cash Ratio or its related term are showing as below:
TOMZ'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 1.18 Max: 4.22
Current: 1.14
During the past 13 years, TOMI Environmental Solutions's highest Cash Ratio was 4.22. The lowest was 0.04. And the median was 1.18.
TOMZ's Cash Ratio is ranked better than 72.98% of 2979
companies
in the Industrial Products industry
Industry Median: 0.54
vs TOMZ: 1.14
TOMI Environmental Solutions 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 TOMI Environmental Solutions's Cash Ratio
For the Pollution & Treatment Controls subindustry, TOMI Environmental Solutions'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.
TOMI Environmental Solutions's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, TOMI Environmental Solutions's Cash Ratio distribution charts can be found below:
* The bar in red indicates where TOMI Environmental Solutions's Cash Ratio falls into.
TOMI Environmental Solutions 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.
TOMI Environmental Solutions (NAS:TOMZ) 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.
TOMI Environmental Solutions Cash Ratio Related Terms
Thank you for viewing the detailed overview of TOMI Environmental Solutions's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
TOMI Environmental Solutions (TOMI Environmental Solutions) Business Description
TOMI Environmental Solutions Inc is a global bacteria decontamination and infectious disease control company, providing environmental solutions for indoor surface decontamination through the manufacturing, sales, service and licensing of its SteraMist brand of products, including SteraMist BIT, a low percentage (7.8%) hydrogen peroxide-based fog or mist that uses Binary Ionization Technology (BIT). Its product portfolio includes SteraMist Surface Unit; SteraMist Environment System; The SteraMist Total Disinfection Cart; SteraMist Select Surface Unit; Stainless Steel 90 Degree Applicator; iHP Plasma Decontamination Chamber; SteraMist Custom Engineered System (CES); and iHP Corporate Service Decontamination.
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