Hindware Home Innovation has a Cash Ratio of 0.03. 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 Hindware Home Innovation's Cash Ratio or its related term are showing as below:
BOM:542905'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 1.53
Current: 0.03
During the past 7 years, Hindware Home Innovation's highest Cash Ratio was 1.53. The lowest was 0.01. And the median was 0.03.
BOM:542905's Cash Ratio is ranked worse than 94.22% of 415
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.48
vs BOM:542905: 0.03
Hindware Home Innovation Cash Ratio Historical Data
* 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 Hindware Home Innovation's Cash Ratio
For the Furnishings, Fixtures & Appliances subindustry, Hindware Home Innovation'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.
Hindware Home Innovation's Cash Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hindware Home Innovation's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Hindware Home Innovation's Cash Ratio falls into.
Hindware Home Innovation Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Hindware Home Innovation'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.
Hindware Home Innovation (BOM:542905) 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.
Hindware Home Innovation Cash Ratio Related Terms
Thank you for viewing the detailed overview of Hindware Home Innovation's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hindware Home Innovation (BOM:542905) Business Description
Hindware Home Innovation Ltd is engaged in manufacturing, selling and trading of building products, glass products, consumer products, plastic products, and retail business. Its product portfolio includes Kitchen Ensemble, Water heaters, Air coolers, Water purifiers, Air purifiers, and Window vents, among other products. Some of its brands are Hindware, Moonbow and Evok. The segments of the company include Building Products, Consumer appliances, and Retail business. The group operates in India. The company generates the majority of its revenue from Building products segment.
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