CG Power & Industrial Solutions has a Cash Ratio of 0.62. 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 CG Power & Industrial Solutions's Cash Ratio or its related term are showing as below:
NSE:CGPOWER'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.62
Current: 0.62
During the past 13 years, CG Power & Industrial Solutions's highest Cash Ratio was 0.62. The lowest was 0.03. And the median was 0.15.
NSE:CGPOWER's Cash Ratio is ranked better than 54.5% of 2987
companies
in the Industrial Products industry
Industry Median: 0.54
vs NSE:CGPOWER: 0.62
CG Power & Industrial Solutions 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 CG Power & Industrial Solutions's Cash Ratio
For the Electrical Equipment & Parts subindustry, CG Power & Industrial Solutions'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.
CG Power & Industrial Solutions's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, CG Power & Industrial Solutions's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CG Power & Industrial Solutions's Cash Ratio falls into.
CG Power & Industrial Solutions 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.
CG Power & Industrial Solutions (NSE:CGPOWER) 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.
CG Power & Industrial Solutions Cash Ratio Related Terms
Thank you for viewing the detailed overview of CG Power & Industrial Solutions's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CG Power & Industrial Solutions (NSE:CGPOWER) Business Description
CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally and generates its revenues majorly from the Industrial systems segment within India.
CG Power & Industrial Solutions (NSE:CGPOWER) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:CGPOWER has been successfully added to your 