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', TOIIW's cash ratio was 3.84, indicating the company's ability to meet short-term obligations purely with cash. Industry average for Medical/Nursing Services in '2021' stood at 1.46.
• In '2022', TOIIW's cash ratio was 0.47, indicating the company's ability to meet short-term obligations purely with cash. The decline from '2021' may indicate some operational or financial challenges. Industry average for Medical/Nursing Services in '2022' stood at 0.74. Industry average declined by 0.72 from previous year.
• In '2023', TOIIW's cash ratio was 0.96, indicating the company's ability to meet short-term obligations purely with cash. The increase since '2022' reflects strengthening financial performance. Industry average for Medical/Nursing Services in '2023' stood at 1.02. Industry average increased by 0.27 compared to previous year.
• In '2024', TOIIW's cash ratio was 0.95, 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 Medical/Nursing Services in '2024' stood at 0.81. Industry average declined by 0.20 from previous year.
Overall, TOIIW'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.