De Neers Tools has a Cash Ratio of 0.02. 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 De Neers Tools's Cash Ratio or its related term are showing as below:
NSE:DENEERS's Cash Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 0.54 * Ranked among companies with meaningful Cash Ratio only.
De Neers Tools Cash Ratio Historical Data
The historical data trend for De Neers Tools'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.
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De Neers Tools Cash Ratio Chart
De Neers Tools Annual Data
Trend
Mar20
Mar21
Mar22
Cash Ratio
0.01
0.02
0.02
De Neers Tools Semi-Annual Data
Mar20
Mar21
Mar22
Cash Ratio
0.01
0.02
0.02
Competitive Comparison of De Neers Tools's Cash Ratio
For the Tools & Accessories subindustry, De Neers Tools'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.
De Neers Tools's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, De Neers Tools's Cash Ratio distribution charts can be found below:
* The bar in red indicates where De Neers Tools's Cash Ratio falls into.
De Neers Tools Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
De Neers Tools's Cash Ratio for the fiscal year that ended in Mar. 2022 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.
De Neers Tools (NSE:DENEERS) 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.
De Neers Tools Cash Ratio Related Terms
Thank you for viewing the detailed overview of De Neers Tools's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.
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