Huddled Group (LSE:HUD) Cash Ratio : 6.64 (As of Dec. 2023)

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What is Huddled Group 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. Huddled Group's Cash Ratio for the quarter that ended in Dec. 2023 was 6.64.

Huddled Group has a Cash Ratio of 6.64. 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 Huddled Group's Cash Ratio or its related term are showing as below:

LSE:HUD' s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.53 Max: 6.64
Current: 6.64

During the past 7 years, Huddled Group's highest Cash Ratio was 6.64. The lowest was 0.02. And the median was 0.53.

LSE:HUD's Cash Ratio is ranked better than
96.44% of 984 companies
in the Media - Diversified industry
Industry Median: 0.55 vs LSE:HUD: 6.64

Huddled Group Cash Ratio Historical Data

The historical data trend for Huddled Group'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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Huddled Group Cash Ratio Chart

Huddled Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.30

1.06

0.65

0.02

6.64

Huddled Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial								0.65	0.28	0.02	12.67	6.64

Competitive Comparison of Huddled Group's Cash Ratio

For the Entertainment subindustry, Huddled Group'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.

Huddled Group's Cash Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Huddled Group's Cash Ratio distribution charts can be found below:

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

Huddled Group Cash Ratio Calculation

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

Huddled Group'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
	=	4.268	/	0.643
	=	6.64

Huddled Group's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	4.268	/	0.643
	=	6.64

Huddled Group (LSE:HUD) 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.

Huddled Group Cash Ratio Related Terms

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Huddled Group (LSE:HUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huddled Group PLC (LSE:HUD) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Mount Street, Cumberland Court, Nottingham, ENG, NG1 6HH

Website

https://www.letsexploregroup.com

Huddled Group PLC formerly Immotion Group PLC provides virtual reality platforms. The principal activities of the Group were: (i) the provision of virtual reality (VR) experiences to partner sites on a revenue share basis and in its own ImmotionVR sites; (ii) the sale of the Group's Let's Explore consumer product; and (iii) the sale of the Group's Uvisan UV-C cleansing products. Activities (i) and (iii) have been disposed of since the reporting date and are included in discontinued operations.