Kkalpana Plastick has a Cash Ratio of 1.56. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Kkalpana Plastick's Cash Ratio or its related term are showing as below:
BOM:523652'
s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 1.39 Max: 58.01
Current: 1.56
During the past 13 years, Kkalpana Plastick's highest Cash Ratio was 58.01. The lowest was 0.23. And the median was 1.39.
BOM:523652's Cash Ratio is ranked better than 77.56% of 1542
companies
in the Chemicals industry
Industry Median: 0.54
vs BOM:523652: 1.56
Kkalpana Plastick Cash Ratio Historical Data
The historical data trend for Kkalpana Plastick'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 Kkalpana Plastick's Cash Ratio
For the Specialty Chemicals subindustry, Kkalpana Plastick'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.
Kkalpana Plastick's Cash Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kkalpana Plastick's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Kkalpana Plastick's Cash Ratio falls into.
Kkalpana Plastick Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Kkalpana Plastick'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.
Kkalpana Plastick (BOM:523652) 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.
Kkalpana Plastick Cash Ratio Related Terms
Thank you for viewing the detailed overview of Kkalpana Plastick's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kkalpana Plastick (BOM:523652) Business Description
Kkalpana Plastick Ltd is a producer of commodity compounds like PVC compounds to high-performance compounds like Medium Voltage Insulation and Semi Conducting grades. The company has taken up an expansion plan to increase the capacity of existing products like PVC Compounds, XLPE, Semi Conducting, and Filled Master Batches. The company is also working on launch of new products. The products in the pipeline are cross Linkable variety of Halogen Free Flame Retardant, Strippable Semicon for the cable industry, the engineering plastic products for the automobile and appliance industries. The company is also working on product areas meant for an alternative source of energy like Solar Energy.
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