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IRIS Business Services (BOM:540735) Cash Ratio : 0.00 (As of Dec. 2023)


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What is IRIS Business Services Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. IRIS Business Services's Cash Ratio for the quarter that ended in Dec. 2023 was 0.00.

IRIS Business Services 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 IRIS Business Services's Cash Ratio or its related term are showing as below:

BOM:540735' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.24   Max: 0.83
Current: 0.51

During the past 11 years, IRIS Business Services's highest Cash Ratio was 0.83. The lowest was 0.01. And the median was 0.24.

BOM:540735's Cash Ratio is ranked worse than
61.43% of 2774 companies
in the Software industry
Industry Median: 0.76 vs BOM:540735: 0.51

IRIS Business Services Cash Ratio Historical Data

The historical data trend for IRIS Business Services'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.

* Premium members only.

IRIS Business Services Cash Ratio Chart

IRIS Business Services Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.06 0.30 0.27 0.28

IRIS Business Services Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash 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 - 0.28 - 0.51 -

Competitive Comparison of IRIS Business Services's Cash Ratio

For the Software - Application subindustry, IRIS Business Services'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.


IRIS Business Services's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, IRIS Business Services's Cash Ratio distribution charts can be found below:

* The bar in red indicates where IRIS Business Services's Cash Ratio falls into.



IRIS Business Services Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

IRIS Business Services's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=92.928/327.411
=0.28

IRIS Business Services's Cash Ratio for the quarter that ended in Dec. 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.


IRIS Business Services  (BOM:540735) 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.


IRIS Business Services Cash Ratio Related Terms

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IRIS Business Services (BOM:540735) Business Description

Traded in Other Exchanges
Address
T-231, International Infortech Park, Tower 2, 3rd Floor, Vashi, Navi Mumbai, MH, IND, 400703
IRIS Business Services Ltd is a provider of software products for compliance, data, and analytics. It offers products such as IRIS CARBON, a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs, IRIS FinX, an integrated consolidation application, which enables end-to-end financial reporting by extracting data from various source; IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies and IRIS iDEAL, a regulation reporting application for banks and financial institutions. The group's segments are Collect, Create and Consume. Its geographic segments are Middle Eastern Countries, America (including Canada and South American countries), Europe, India, Others.

IRIS Business Services (BOM:540735) Headlines

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