Paymentus Holdings has a Cash Ratio of 2.88. 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 Paymentus Holdings's Cash Ratio or its related term are showing as below:
PAY'
s Cash Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.72 Max: 7.18
Current: 2.88
During the past 5 years, Paymentus Holdings's highest Cash Ratio was 7.18. The lowest was 1.19. And the median was 2.72.
PAY's Cash Ratio is ranked better than 83.88% of 2773
companies
in the Software industry
Industry Median: 0.76
vs PAY: 2.88
Paymentus Holdings Cash Ratio Historical Data
The historical data trend for Paymentus Holdings'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 Paymentus Holdings's Cash Ratio
For the Software - Infrastructure subindustry, Paymentus Holdings'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.
Paymentus Holdings's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Paymentus Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Paymentus Holdings's Cash Ratio falls into.
Paymentus Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Paymentus Holdings'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.
Paymentus Holdings (NYSE:PAY) 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.
Paymentus Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Paymentus Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Paymentus Holdings (Paymentus Holdings) Business Description
Paymentus Holdings Inc provides electronic bill presentment and payment services, enterprise customer communication and self-service revenue management to billers and financial institutions through a Software-as-a-Service, (SaaS), secure, omni-channel technology platform. The platform integrates into a biller's core financial and operating systems to provide flexible and secure access to payment processing of credit cards, debit cards, eChecks and digital wallets across a number of channels including online, mobile, IVR, call center, chatbot and voice-based assistants. The Company generates revenue from payment transaction fees processed through the Company's platform. The fees are generated as a percentage of transaction value or a specified fee per transaction.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PAY has been successfully added to your 