GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » EverQuote Inc (NAS:EVER) » Definitions » Cash Ratio

EVER (EverQuote) Cash Ratio : 1.11 (As of Jun. 2024)


View and export this data going back to 2018. Start your Free Trial

What is EverQuote 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. EverQuote's Cash Ratio for the quarter that ended in Jun. 2024 was 1.11.

EverQuote has a Cash Ratio of 1.11. 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 EverQuote's Cash Ratio or its related term are showing as below:

EVER' s Cash Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.97   Max: 2.05
Current: 1.11

During the past 8 years, EverQuote's highest Cash Ratio was 2.05. The lowest was 0.11. And the median was 0.97.

EVER's Cash Ratio is ranked worse than
50.44% of 571 companies
in the Interactive Media industry
Industry Median: 1.15 vs EVER: 1.11

EverQuote Cash Ratio Historical Data

The historical data trend for EverQuote'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.

EverQuote Cash Ratio Chart

EverQuote Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial 1.20 0.92 0.74 0.68 1.27

EverQuote Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 1.22 1.27 1.03 1.11

Competitive Comparison of EverQuote's Cash Ratio

For the Internet Content & Information subindustry, EverQuote'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.


EverQuote's Cash Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, EverQuote's Cash Ratio distribution charts can be found below:

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



EverQuote Cash Ratio Calculation

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

EverQuote'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
=37.956/29.948
=1.27

EverQuote'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
=60.919/54.957
=1.11

* 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.


EverQuote  (NAS:EVER) 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.


EverQuote Cash Ratio Related Terms

Thank you for viewing the detailed overview of EverQuote's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


EverQuote Business Description

Traded in Other Exchanges
Address
210 Broadway, Cambridge, MA, USA, 02139
EverQuote Inc is engaged in the business activity of offering an online marketplace for insurance shopping. The online marketplace offers consumers to find relevant insurance quotes based on car insurance, home insurance, and life insurance. The platform of the company is driven by data science. The firm's data and technology platform match and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers. It derives a majority of revenue from Direct channels.
Executives
Jayme Mendal officer: Chief Revenue Officer 210 BROADWAY, CAMBRIDGE MA 02139
Joseph Sanborn officer: Chief Financial Officer C/O EVERQUOTE, INC., 210 BROADWAY, CAMBRIDGE MA 02139
David Brainard officer: Chief Technology Officer 201 BROADWAY, SUITE 401, CAMBRIDGE MA 02139
Julia Brncic officer: General Counsel 210 BROADWAY, CAMBRIDGE MA 02139
Jon Ayotte officer: Chief Accounting Officer C/O EVERQUOTE, INC., 210 BROADWAY, CAMBRIDGE MA 02139
David B Blundin director, 10 percent owner C/O MICROSTRATEGY INC, 1861 INTERNATIONAL DR, MCLEAN VA 22102
Ventures, Lllp Link 10 percent owner ONE KENDALL SQUARE, SUITE B2106, CAMBRIDGE MA 02139
John L. Shields director 210 BROADWAY, CAMBRIDGE MA 02139
Mira Wilczek director 210 BROADWAY, CAMBRIDGE MA 02139
George R Neble director 210 BROADWAY, CAMBRIDGE MA 02139
Paul F Deninger director C/O JEFFERIES & CO., 1050 WINTER STREET, WALTHAM MA 02451
Darryl Auguste officer: See Remarks 210 BROADWAY, CAMBRIDGE MA 02139
John Brandon Wagner officer: See Remarks 210 BROADWAY, CAMBRIDGE MA 02139
David W Mason officer: General Counsel and Secretary 210 BROADWAY, CAMBRIDGE MA 02139
Nicholas Graham officer: Chief Revenue Officer 210 BROADWAY, CAMBRIDGE MA 02139