Navigantorate Advisors has a Cash Ratio of 3.55. 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 Navigantorate Advisors's Cash Ratio or its related term are showing as below:
BOM:539521'
s Cash Ratio Range Over the Past 10 Years
Min: 2.5 Med: 3.43 Max: 5.71
Current: 3.55
During the past 10 years, Navigantorate Advisors's highest Cash Ratio was 5.71. The lowest was 2.50. And the median was 3.43.
BOM:539521's Cash Ratio is ranked better than 77.34% of 653
companies
in the Capital Markets industry
Industry Median: 0.93
vs BOM:539521: 3.55
* 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 Navigantorate Advisors's Cash Ratio
For the Capital Markets subindustry, Navigantorate Advisors'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.
Navigantorate Advisors's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Navigantorate Advisors's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Navigantorate Advisors's Cash Ratio falls into.
Navigantorate Advisors Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Navigantorate Advisors'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.
Navigantorate Advisors (BOM:539521) 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.
Navigantorate Advisors Cash Ratio Related Terms
Thank you for viewing the detailed overview of Navigantorate Advisors's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Navigantorate Advisors (BOM:539521) Business Description
Navigant Corporate Advisors Ltd provides merchant banking and advisory services in India. It offers Capital market services such as management of capital issues, direct listing, open offers, and buyback offers; Corporate finance services including debt syndication and equity investments; and Investment advisory services. The company's services also cover IPO/rights issue, SME listings, direct listings on BSE and NSE, preferential allotments, takeovers and acquisitions, mergers and amalgamations, buyback of shares, project approval/identification, preparing feasibility report, placement of debt and equity instruments, de-listing, debt syndication services, project financing services, and valuation services. Its primary source of income is from the consultancy fee receipts.
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