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AILE (iLearningEngines) Cash Ratio : 1.02 (As of Jun. 2024)


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What is iLearningEngines 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. iLearningEngines's Cash Ratio for the quarter that ended in Jun. 2024 was 1.02.

iLearningEngines has a Cash Ratio of 1.02. 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 iLearningEngines's Cash Ratio or its related term are showing as below:

AILE' s Cash Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.38   Max: 1.02
Current: 1.02

During the past 3 years, iLearningEngines's highest Cash Ratio was 1.02. The lowest was 0.06. And the median was 0.38.

AILE's Cash Ratio is ranked better than
59.83% of 2771 companies
in the Software industry
Industry Median: 0.75 vs AILE: 1.02

iLearningEngines Cash Ratio Historical Data

The historical data trend for iLearningEngines'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.

iLearningEngines Cash Ratio Chart

iLearningEngines Annual Data
Trend Dec20 Dec21 Dec22
Cash Ratio
- 0.51 0.06

iLearningEngines Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Jun24
Cash Ratio Get a 7-Day Free Trial 0.51 - 0.06 0.25 1.02

Competitive Comparison of iLearningEngines's Cash Ratio

For the Software - Infrastructure subindustry, iLearningEngines'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.


iLearningEngines's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, iLearningEngines's Cash Ratio distribution charts can be found below:

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



iLearningEngines Cash Ratio Calculation

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

iLearningEngines's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.856/15.341
=0.06

iLearningEngines's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=39.242/38.473
=1.02

* 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.


iLearningEngines  (NAS:AILE) 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.


iLearningEngines Cash Ratio Related Terms

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iLearningEngines Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
6701 Democracy Boulevard, Suite 300, Bethesda, MD, USA, 20817
iLearningEngines Inc is an AI and automation platform that empowers its customers to productize their institutional knowledge by transforming it into actionable intellectual property that enhances outcomes for employees, customers and other stakeholders. Its platform enables enterprises to build intelligent Knowledge Clouds that incorporate large volumes of structured and unstructured information across disparate internal and external systems and to automate organizational processes that leverage these Knowledge Clouds to improve performance. The company combines its offerings with vertically focused capabilities and data models to operationalize AI and automation to effectively and efficiently address critical challenges facing its customers.

iLearningEngines Headlines

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