SINTX Technologies has a Cash Ratio of 1.41. 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 SINTX Technologies's Cash Ratio or its related term are showing as below:
FRA:1110'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 1.2 Max: 8.81
Current: 1.41
During the past 13 years, SINTX Technologies's highest Cash Ratio was 8.81. The lowest was 0.05. And the median was 1.20.
FRA:1110's Cash Ratio is ranked better than 54.85% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 1.2
vs FRA:1110: 1.41
SINTX Technologies Cash Ratio Historical Data
The historical data trend for SINTX 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 SINTX Technologies's Cash Ratio
For the Medical Devices subindustry, SINTX 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.
SINTX Technologies's Cash Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SINTX Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where SINTX Technologies's Cash Ratio falls into.
SINTX 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.
SINTX 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.
SINTX Technologies (FRA:1110) 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.
SINTX Technologies Cash Ratio Related Terms
Thank you for viewing the detailed overview of SINTX Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SINTX Technologies (FRA:1110) Business Description
SINTX Technologies Inc is a commercial biomaterial company engaged in using its silicon nitride technology platform to develop, manufacture, and sell a range of medical devices. The company derives product revenue primarily from the manufacture and sale of spinal fusion products used in the treatment of spine disorders. It produces silicon nitride for use in commercial products and product candidates in the forms of Solid Silicon Nitride, Porous Silicon Nitride, and Silicon Nitride Powder, among others. It is also engaged in developing wear-and corrosion-resistant implant components for hip and knee arthroplasty.
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