Century Plyboards (India) has a Cash Ratio of 0.08. 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 Century Plyboards (India)'s Cash Ratio or its related term are showing as below:
BOM:532548'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: 0.41
Current: 0.08
During the past 13 years, Century Plyboards (India)'s highest Cash Ratio was 0.41. The lowest was 0.03. And the median was 0.08.
BOM:532548's Cash Ratio is ranked worse than 80.07% of 281
companies
in the Forest Products industry
Industry Median: 0.28
vs BOM:532548: 0.08
Century Plyboards (India) 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.
Competitive Comparison of Century Plyboards (India)'s Cash Ratio
For the Lumber & Wood Production subindustry, Century Plyboards (India)'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.
Century Plyboards (India)'s Cash Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Century Plyboards (India)'s Cash Ratio distribution charts can be found below:
* The bar in red indicates where Century Plyboards (India)'s Cash Ratio falls into.
Century Plyboards (India) Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Century Plyboards (India)'s Cash Ratio for the fiscal year that ended in Mar. 2024 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.
Century Plyboards (India) (BOM:532548) 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.
Century Plyboards (India) Cash Ratio Related Terms
Thank you for viewing the detailed overview of Century Plyboards (India)'s Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Century Plyboards (India) (BOM:532548) Business Description
Century Plyboards (India) Ltd produces and sells plywood, wooden panels, and other wood products in various segments based on product and service. The plywood segment, which generates the majority of revenue, sells plywood and other wood products under the Centuryply brand. The laminate segment sells laminated wood panels, primarily used in housing construction and renovation. The CFS services segment provides container freight stations services. Further it is also involved in MDF, Plain Particle Board and other segments. Century Plyboards sells its products to dealers, distributors, and retailers. The vast majority of revenue comes from India.
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