NeuroOne Medical Technologies has a Cash Ratio of 1.94. 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 NeuroOne Medical Technologies's Cash Ratio or its related term are showing as below:
NMTC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 1.08 Max: 15.89
Current: 1.94
During the past 13 years, NeuroOne Medical Technologies's highest Cash Ratio was 15.89. The lowest was 0.01. And the median was 1.08.
NMTC's Cash Ratio is ranked better than 61.75% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 1.23
vs NMTC: 1.94
NeuroOne Medical Technologies Cash Ratio Historical Data
* 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 NeuroOne Medical Technologies's Cash Ratio
For the Medical Devices subindustry, NeuroOne Medical 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.
NeuroOne Medical Technologies's Cash Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, NeuroOne Medical Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where NeuroOne Medical Technologies's Cash Ratio falls into.
NeuroOne Medical 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.
* 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.
NeuroOne Medical Technologies (NAS:NMTC) 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.
NeuroOne Medical Technologies Cash Ratio Related Terms
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NeuroOne Medical Technologies (NeuroOne Medical Technologies) Business Description
NeuroOne Medical Technologies Corp operates as a medical technology company. It is focused on the development and commercialization of thin-film electrode technology for continuous electroencephalogram (cEEG) and stereoelectrocencephalography (sEEG) recording, brain stimulation, and ablation solutions for patients suffering from brain-related disorders. The company business is in one operating segment, which is the business of development and commercialization of products related to comprehensive neuromodulation cEEG and sEEG recording, monitoring, ablation, and brain stimulation solutions.
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