MKP Mobility has a Cash Ratio of 0.00. 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 MKP Mobility's Cash Ratio or its related term are showing as below:
BOM:521244'
s Cash Ratio Range Over the Past 10 Years
Min: 1.58 Med: 43.94 Max: 414.57
Current: 1.58
During the past 13 years, MKP Mobility's highest Cash Ratio was 414.57. The lowest was 1.58. And the median was 43.94.
BOM:521244's Cash Ratio is ranked better than 86.92% of 1208
companies
in the Vehicles & Parts industry
Industry Median: 0.365
vs BOM:521244: 1.58
MKP Mobility Cash Ratio Historical Data
The historical data trend for MKP Mobility's Cash 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.
Competitive Comparison of MKP Mobility's Cash Ratio
For the Auto Parts subindustry, MKP Mobility'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.
MKP Mobility's Cash Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, MKP Mobility's Cash Ratio distribution charts can be found below:
* The bar in red indicates where MKP Mobility's Cash Ratio falls into.
MKP Mobility Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
MKP Mobility's Cash Ratio for the fiscal year that ended in Mar. 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.
MKP Mobility (BOM:521244) 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.
MKP Mobility Cash Ratio Related Terms
Thank you for viewing the detailed overview of MKP Mobility's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
MKP Mobility Ltd is involved into the business of distribution and exports- automotive parts, industrial products, mechanical and electronic components, auto care products. lubricants, tyres, batteries, refurbished parts The Company primarily operates in the Distribution of Automobile spare parts and lubricants which is also its single reportable segment. Its business activities include: purchase and sales- 2wheelers, 3 wheelers and cars and commercial vehicles; provide services relating to warehousing and logistics; manufacturing, producing and assembling packaging and operate workshops for repairing, servicing all types of automotive vehicles, industrial equipment, construction equipment.
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