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Sanima Mai Hydropower (XNEP:SHPC) Current Ratio : 1.98 (As of Jan. 2024)


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What is Sanima Mai Hydropower Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Sanima Mai Hydropower's current ratio for the quarter that ended in Jan. 2024 was 1.98.

Sanima Mai Hydropower has a current ratio of 1.98. It generally indicates good short-term financial strength.

The historical rank and industry rank for Sanima Mai Hydropower's Current Ratio or its related term are showing as below:

XNEP:SHPC' s Current Ratio Range Over the Past 10 Years
Min: 0.56   Med: 3.29   Max: 16.62
Current: 1.98

During the past 10 years, Sanima Mai Hydropower's highest Current Ratio was 16.62. The lowest was 0.56. And the median was 3.29.

XNEP:SHPC's Current Ratio is ranked better than
72.25% of 436 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.325 vs XNEP:SHPC: 1.98

Sanima Mai Hydropower Current Ratio Historical Data

The historical data trend for Sanima Mai Hydropower's Current 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.

* Premium members only.

Sanima Mai Hydropower Current Ratio Chart

Sanima Mai Hydropower Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 1.63 1.96 2.82 1.69

Sanima Mai Hydropower Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.25 4.62 1.69 2.62 1.98

Competitive Comparison of Sanima Mai Hydropower's Current Ratio

For the Utilities - Renewable subindustry, Sanima Mai Hydropower's Current Ratio, along with its competitors' market caps and Current 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.


Sanima Mai Hydropower's Current Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sanima Mai Hydropower's Current Ratio distribution charts can be found below:

* The bar in red indicates where Sanima Mai Hydropower's Current Ratio falls into.



Sanima Mai Hydropower Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Sanima Mai Hydropower's Current Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Current Ratio (A: Jul. 2023 )=Total Current Assets (A: Jul. 2023 )/Total Current Liabilities (A: Jul. 2023 )
=1072.647/633.627
=1.69

Sanima Mai Hydropower's Current Ratio for the quarter that ended in Jan. 2024 is calculated as

Current Ratio (Q: Jan. 2024 )=Total Current Assets (Q: Jan. 2024 )/Total Current Liabilities (Q: Jan. 2024 )
=1284.796/647.483
=1.98

* 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.


Sanima Mai Hydropower  (XNEP:SHPC) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Sanima Mai Hydropower Current Ratio Related Terms

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Sanima Mai Hydropower (XNEP:SHPC) Business Description

Traded in Other Exchanges
N/A
Address
KMC-4, Shankha Park, Dhumbarahi, P.O. Box 19737, Kathamandu, NPL
Sanima Mai Hydropower Ltd is a hydropower company. Its activity is to generate and sell hydroelectricity to the Nepal Electricity Authority. The company's operating segment include Mai Hydropower Plant and Mai Cascade Hydropower Plant. It generates maximum revenue from the Mai Hydropower Plant segment.

Sanima Mai Hydropower (XNEP:SHPC) Headlines

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