Name: Cash Ratio

Definition: The cash ratio measures a company's ability to pay off all of its current liabilities immediately using only its most liquid assets: cash and cash equivalents. Unlike the current ratio and quick ratio, it excludes accounts receivable and inventory, making it the most conservative measure of liquidity.

Interpretation:
• In '2021', MATH's cash ratio was 0.14, indicating the company's ability to meet short-term obligations purely with cash. Industry average for Finance/Investors Services in '2021' stood at 0.14.
• In '2022', MATH's cash ratio was 0.53, indicating the company's ability to meet short-term obligations purely with cash. The increase since '2021' reflects strengthening financial performance. Industry average for Finance/Investors Services in '2022' stood at 0.81. Industry average increased by 0.67 compared to previous year.
• In '2023', MATH's cash ratio was 0.14, indicating the company's ability to meet short-term obligations purely with cash. The decline from '2022' may indicate some operational or financial challenges. Industry average for Finance/Investors Services in '2023' stood at 0.34. Industry average declined by 0.47 from previous year.
• In '2024', MATH's cash ratio was 0.03, indicating the company's ability to meet short-term obligations purely with cash. The decline from '2023' may indicate some operational or financial challenges. Industry average for Finance/Investors Services in '2024' stood at 0.02. Industry average declined by 0.32 from previous year.
Overall, MATH's cash ratio has been volatile but showed a downward trend over the past 4 years.

Formula: Cash Ratio = (Cash + Cash Equivalents) / Current Liabilities

Good Range: Generally, a cash ratio between 0.2 and 0.5 is considered healthy for most industries.