Manoj Vaibhav Gems N Jewellers has a Cash Ratio of 0.27. 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 Manoj Vaibhav Gems N Jewellers's Cash Ratio or its related term are showing as below:
BOM:543995'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.27
Current: 0.27
During the past 5 years, Manoj Vaibhav Gems N Jewellers's highest Cash Ratio was 0.27. The lowest was 0.01. And the median was 0.03.
BOM:543995's Cash Ratio is ranked worse than 59.26% of 1102
companies
in the Retail - Cyclical industry
Industry Median: 0.385
vs BOM:543995: 0.27
Manoj Vaibhav Gems N Jewellers 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.
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Manoj Vaibhav Gems N Jewellers Cash Ratio Chart
Manoj Vaibhav Gems N Jewellers Annual Data
Trend
Mar20
Mar21
Mar22
Mar23
Mar24
Cash Ratio
0.03
0.05
0.01
0.02
0.27
Manoj Vaibhav Gems N Jewellers Semi-Annual Data
Mar20
Mar21
Mar22
Mar23
Mar24
Cash Ratio
0.03
0.05
0.01
0.02
0.27
Competitive Comparison of Manoj Vaibhav Gems N Jewellers's Cash Ratio
For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.
Manoj Vaibhav Gems N Jewellers's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Manoj Vaibhav Gems N Jewellers's Cash Ratio falls into.
Manoj Vaibhav Gems N Jewellers Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Manoj Vaibhav Gems N Jewellers (BOM:543995) 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.
Manoj Vaibhav Gems N Jewellers Cash Ratio Related Terms
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Manoj Vaibhav Gems N Jewellers (BOM:543995) Business Description
Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.
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