Accent Microcell 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 Accent Microcell's Cash Ratio or its related term are showing as below:
NSE:ACCENTMIC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.05
Current: 0.03
During the past 3 years, Accent Microcell's highest Cash Ratio was 0.05. The lowest was 0.03. And the median was 0.04.
NSE:ACCENTMIC's Cash Ratio is ranked worse than 93.66% of 1026
companies
in the Drug Manufacturers industry
Industry Median: 0.575
vs NSE:ACCENTMIC: 0.03
Accent Microcell Cash Ratio Historical Data
The historical data trend for Accent Microcell'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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Accent Microcell Cash Ratio Chart
Accent Microcell Annual Data
Trend
Mar21
Mar22
Mar23
Cash Ratio
0.04
0.05
0.03
Accent Microcell Semi-Annual Data
Mar21
Mar22
Mar23
Cash Ratio
0.04
0.05
0.03
Competitive Comparison of Accent Microcell's Cash Ratio
For the Drug Manufacturers - Specialty & Generic subindustry, Accent Microcell'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.
Accent Microcell's Cash Ratio Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Accent Microcell's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Accent Microcell's Cash Ratio falls into.
Accent Microcell Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Accent Microcell's Cash Ratio for the fiscal year that ended in Mar. 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.
Accent Microcell (NSE:ACCENTMIC) 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.
Accent Microcell Cash Ratio Related Terms
Thank you for viewing the detailed overview of Accent Microcell's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Accent Microcell (NSE:ACCENTMIC) Business Description
Accent Microcell Ltd is a manufacturer of Pharmaceutical Products. It has Products such as Microcrystalline cellulose is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Cross Carmellose Sodium Croscarmellose sodium is an internally cross-linked sodium carboxymethylcellulose for use as a super disintegrant in pharmaceutical formulations; Magnesium Stearate which is also called octadecanoic acid, magnesium salt, is a white substance, powder which becomes solid at room temperature and also produces Cellulose Powder is white or almost white, odourless, tasteless, Practically insoluble in water, dilute acid and organic solvents, Slightly soluble in dilute NaOH solution.
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