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AAN Digital Services Co (KUW:AAN) Cash Ratio : 0.05 (As of Dec. 2022)


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What is AAN Digital Services Co 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. AAN Digital Services Co's Cash Ratio for the quarter that ended in Dec. 2022 was 0.05.

AAN Digital Services Co has a Cash Ratio of 0.05. 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 AAN Digital Services Co's Cash Ratio or its related term are showing as below:

KUW:AAN's Cash Ratio is not ranked *
in the Telecommunication Services industry.
Industry Median: 0.3
* Ranked among companies with meaningful Cash Ratio only.

AAN Digital Services Co Cash Ratio Historical Data

The historical data trend for AAN Digital Services Co'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.

AAN Digital Services Co Cash Ratio Chart

AAN Digital Services Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.25 0.23 0.04 0.05

AAN Digital Services Co Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.02 0.08 0.02 0.05

Competitive Comparison of AAN Digital Services Co's Cash Ratio

For the Telecom Services subindustry, AAN Digital Services Co'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.


AAN Digital Services Co's Cash Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AAN Digital Services Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where AAN Digital Services Co's Cash Ratio falls into.



AAN Digital Services Co Cash Ratio Calculation

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

AAN Digital Services Co'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
=0.235/4.719
=0.05

AAN Digital Services Co's Cash Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash Ratio (Q: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.235/4.719
=0.05

* 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.


AAN Digital Services Co  (KUW:AAN) 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.


AAN Digital Services Co Cash Ratio Related Terms

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AAN Digital Services Co Business Description

Traded in Other Exchanges
N/A
Address
Jaber Al-Mubarak Street, Floor 3, P.O. Box 2799, Sharq-Complex/Mohamed Saleh Yousef El Bahbahani, Safat, Kuwait, KWT, 13028
AAN Digital Services Co is a Kuwait based holding company which is engaged in the telecom sector. It majorly focuses on Mobile network operations, Mobile Virtual Network Operations and Distribution networks. Geographically, it derives revenue from outside Kuwait.