Proficient Auto Logistics has a Cash Ratio of 0.59. 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 Proficient Auto Logistics's Cash Ratio or its related term are showing as below:
PAL'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.38 Max: 0.59
Current: 0.59
During the past 1 years, Proficient Auto Logistics's highest Cash Ratio was 0.59. The lowest was 0.01. And the median was 0.38.
PAL's Cash Ratio is ranked better than 56.02% of 964
companies
in the Transportation industry
Industry Median: 0.505
vs PAL: 0.59
Proficient Auto Logistics Cash Ratio Historical Data
* 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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Proficient Auto Logistics Cash Ratio Chart
Proficient Auto Logistics Annual Data
Trend
Dec23
Cash Ratio
0.38
Proficient Auto Logistics Quarterly Data
Mar23
Jun23
Dec23
Mar24
Jun24
Cash Ratio
-
-
0.38
0.01
0.59
Competitive Comparison of Proficient Auto Logistics's Cash Ratio
For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.
Proficient Auto Logistics's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Proficient Auto Logistics's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Proficient Auto Logistics's Cash Ratio falls into.
Proficient Auto Logistics Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Proficient Auto Logistics'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.
Proficient Auto Logistics (NAS:PAL) 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.
Proficient Auto Logistics Cash Ratio Related Terms
Thank you for viewing the detailed overview of Proficient Auto Logistics's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.
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