C3is (CISS) Cash Ratio : 3.73 (As of Jun. 2023)

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What is C3is 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. C3is's Cash Ratio for the quarter that ended in Jun. 2023 was 3.73.

C3is has a Cash Ratio of 3.73. 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 C3is's Cash Ratio or its related term are showing as below:

CISS' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.23
Current: 0.23

During the past 3 years, C3is's highest Cash Ratio was 0.23. The lowest was 0.01. And the median was 0.12.

CISS's Cash Ratio is ranked worse than
74.33% of 970 companies
in the Transportation industry
Industry Median: 0.54 vs CISS: 0.23

C3is Cash Ratio Historical Data

The historical data trend for C3is'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.

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C3is Cash Ratio Chart

C3is Annual Data

Trend

Dec21

Dec22

Dec23

Cash Ratio

0.01

0.23

C3is Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial			0.91	-	6.60	3.73	0.23

Competitive Comparison of C3is's Cash Ratio

For the Marine Shipping subindustry, C3is'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.

C3is's Cash Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, C3is's Cash Ratio distribution charts can be found below:

* The bar in red indicates where C3is's Cash Ratio falls into.

C3is Cash Ratio Calculation

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

C3is'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
	=	9.064	/	39.928
	=	0.23

C3is's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	5	/	1.339
	=	3.73

C3is (NAS:CISS) 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.

C3is Cash Ratio Related Terms

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C3is (CISS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C3is Inc (NAS:CISS) » Definitions » Cash Ratio

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.c3is.pro

C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including major national and private industrial users, commodity producers and traders. The company owns and operates a fleet of two dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The total cargo-carrying capacity of our fleet is approximately 64,000 dwt.