Big Technologies has a Cash Ratio of 12.36. 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 Big Technologies's Cash Ratio or its related term are showing as below:
LSE:BIG'
s Cash Ratio Range Over the Past 10 Years
Min: 1.24 Med: 6.83 Max: 12.36
Current: 12.36
During the past 5 years, Big Technologies's highest Cash Ratio was 12.36. The lowest was 1.24. And the median was 6.83.
LSE:BIG's Cash Ratio is ranked better than 98.56% of 2774
companies
in the Software industry
Industry Median: 0.76
vs LSE:BIG: 12.36
Big Technologies Cash Ratio Historical Data
The historical data trend for Big Technologies'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 Big Technologies's Cash Ratio
For the Software - Application subindustry, Big Technologies'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.
Big Technologies's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Big Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Big Technologies's Cash Ratio falls into.
Big Technologies Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Big Technologies's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
Big Technologies (LSE:BIG) 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.
Big Technologies Cash Ratio Related Terms
Thank you for viewing the detailed overview of Big Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Big Technologies PLC provides products and services to the remote and personal monitoring industry under several brand and trading names. The company's criminal justice solution involves proprietary monitoring software combined with modular monitoring hardware being used to accurately track the location of tag wearers. Alongside this, it also offers monitoring services solutions for its customers. The company provides its solutions on a SaaS-like subscription-based model, with long-term contracts spanning up to twelve years in length, providing a secure revenue base from which to deliver contract expansion and to win new contracts. It generates revenue across the world, with operations across the United Kingdom, Australia, United States and Colombia.
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