Holdco Nuvo Group DG has a Cash Ratio of 0.02. 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 Holdco Nuvo Group DG's Cash Ratio or its related term are showing as below:
NUVO'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.14
Current: 0.02
During the past 3 years, Holdco Nuvo Group DG's highest Cash Ratio was 0.14. The lowest was 0.02. And the median was 0.02.
NUVO's Cash Ratio is ranked worse than 97.78% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 1.2
vs NUVO: 0.02
Holdco Nuvo Group DG Cash Ratio Historical Data
The historical data trend for Holdco Nuvo Group DG'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.
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Holdco Nuvo Group DG Cash Ratio Chart
Holdco Nuvo Group DG Annual Data
Trend
Dec21
Dec22
Dec23
Cash Ratio
0.14
0.02
0.02
Holdco Nuvo Group DG Semi-Annual Data
Dec21
Dec22
Dec23
Cash Ratio
0.14
0.02
0.02
Competitive Comparison of Holdco Nuvo Group DG's Cash Ratio
For the Medical Devices subindustry, Holdco Nuvo Group DG'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.
Holdco Nuvo Group DG's Cash Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Holdco Nuvo Group DG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Holdco Nuvo Group DG's Cash Ratio falls into.
Holdco Nuvo Group DG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Holdco Nuvo Group DG'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.
Holdco Nuvo Group DG (NAS:NUVO) 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.
Holdco Nuvo Group DG Cash Ratio Related Terms
Thank you for viewing the detailed overview of Holdco Nuvo Group DG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Holdco Nuvo Group DG (Holdco Nuvo Group DG) Business Description
Holdco Nuvo Group DG Ltd is a women's health and connected pregnancy care company and has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests and maternal and fetal heart rate monitoring, helping expectant mothers adhere to their prescribed care plan. It is leading the transformation from a world where pregnancy care is limited by outdated technology and barriers to accessing care to a world where data-driven, clinically relevant, actionable insights can be accessed both at home and in the clinic. INVU is composed of a hardware component (wearable), with digital signal processing and cloud analytics, and interfaces for every participant involved in pregnancy care.
Holdco Nuvo Group DG (Holdco Nuvo Group DG) Headlines
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