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ToughBuilt Industries (ToughBuilt Industries) Cash Ratio : 0.03 (As of Sep. 2023)


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What is ToughBuilt Industries 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. ToughBuilt Industries's Cash Ratio for the quarter that ended in Sep. 2023 was 0.03.

ToughBuilt Industries has a Cash Ratio of 0.03. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for ToughBuilt Industries's Cash Ratio or its related term are showing as below:

TBLT' s Cash Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.24   Max: 4.44
Current: 0.03

During the past 7 years, ToughBuilt Industries's highest Cash Ratio was 4.44. The lowest was 0.03. And the median was 0.24.

TBLT's Cash Ratio is ranked worse than
96.08% of 2983 companies
in the Industrial Products industry
Industry Median: 0.54 vs TBLT: 0.03

ToughBuilt Industries Cash Ratio Historical Data

The historical data trend for ToughBuilt Industries'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.

* Premium members only.

ToughBuilt Industries Cash Ratio Chart

ToughBuilt Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
Get a 7-Day Free Trial 0.20 - 0.27 0.35 0.05

ToughBuilt Industries Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.05 0.05 0.05 0.03

Competitive Comparison of ToughBuilt Industries's Cash Ratio

For the Tools & Accessories subindustry, ToughBuilt Industries'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.


ToughBuilt Industries's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ToughBuilt Industries's Cash Ratio distribution charts can be found below:

* The bar in red indicates where ToughBuilt Industries's Cash Ratio falls into.



ToughBuilt Industries Cash Ratio Calculation

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

ToughBuilt Industries's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2.564/50.732
=0.05

ToughBuilt Industries's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.834/53.248
=0.03

* 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.


ToughBuilt Industries  (NAS:TBLT) 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.


ToughBuilt Industries Cash Ratio Related Terms

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ToughBuilt Industries (ToughBuilt Industries) Business Description

Traded in Other Exchanges
Address
8669 Research Drive, Irvine, CA, USA, 92618
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
Executives
Michael Panosian director, 10 percent owner, officer: CEO 25371 COMMERCENTER DRIVE. SUITE 200, LAKE FOREST CA 92630
William Placke director 25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630
Martin Galstyan officer: Chief Financial Officer 6339 HARMAN DRIVE, TUJUNGA CA 91042
Linda M. Moossaian director 3769 EL LADO DRIVE, GLENDALE CA 91208
Joshua Keeler director 655 NORTH CENTRAL AVE, 1727, GLENDALE CA 91203
Titan Advisors, Llc 10 percent owner 750 WASHINGTON BLVD., FLOOR 10, STAMFORD CT 06901
Hspl Holdings, Llc 10 percent owner 750 WASHINGTON BLVD., 10TH FLOOR, STAMFORD CT 06901
Frederick D. Furry director 18372 OXBORO LANE, HUNTINGTON BEACH CA 92648
Paul M. Galvin director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Manu Ohri director, officer: CFO 2355 MAIN STREET, SUITE 120, IRVINE CA 92614
Robert K Faught director 70 PLANTATION DR #189, HILTON HEAD SC 29928
John R Keeler director, officer: Chief Design Officer 3000 NW 109TH AVE, MIAMI FL 33172
Zareh Khachatoorian director 25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630

ToughBuilt Industries (ToughBuilt Industries) Headlines