Abans Holdings (NSE:AHL) Cash Ratio : 1.22 (As of Mar. 2024)

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What is Abans Holdings 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. Abans Holdings's Cash Ratio for the quarter that ended in Mar. 2024 was 1.22.

Abans Holdings has a Cash Ratio of 1.22. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Abans Holdings's Cash Ratio or its related term are showing as below:

NSE:AHL' s Cash Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.49 Max: 1.22
Current: 1.22

During the past 5 years, Abans Holdings's highest Cash Ratio was 1.22. The lowest was 0.17. And the median was 0.49.

NSE:AHL's Cash Ratio is ranked better than
58.37% of 651 companies
in the Capital Markets industry
Industry Median: 0.97 vs NSE:AHL: 1.22

Abans Holdings Cash Ratio Historical Data

The historical data trend for Abans Holdings'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.

Abans Holdings Cash Ratio Chart

Abans Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash Ratio

0.17

0.49

0.35

0.82

1.22

Abans Holdings Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Ratio	Get a 7-Day Free Trial					0.82	-	1.19	-	1.22

Competitive Comparison of Abans Holdings's Cash Ratio

For the Capital Markets subindustry, Abans Holdings'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.

Abans Holdings's Cash Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Abans Holdings's Cash Ratio falls into.

Abans Holdings Cash Ratio Calculation

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

Abans Holdings's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash Ratio (A: Mar. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	20519.107	/	16781.995
	=	1.22

Abans Holdings's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	20519.107	/	16781.995
	=	1.22

Abans Holdings (NSE:AHL) 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.

Abans Holdings Cash Ratio Related Terms

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Abans Holdings (NSE:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Holdings Ltd (NSE:AHL) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

543712:India

Address

Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.abansholdings.com

Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company consist of general trading of agri commodities, precious metals, trading In debentures, securities, and derivative contracts on recognized stock exchanges. The company is also engaged in advisory services like Investment Banking, Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured as well as secured against collateral security of immovable property, agricultural stocks, liquid assets like shares, other financial assets, etc. The operating segments are; Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.