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Jindal Poly Films (BOM:500227) Cash Ratio : 2.54 (As of Sep. 2024)


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What is Jindal Poly Films 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. Jindal Poly Films's Cash Ratio for the quarter that ended in Sep. 2024 was 2.54.

Jindal Poly Films has a Cash Ratio of 2.54. 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 Jindal Poly Films's Cash Ratio or its related term are showing as below:

BOM:500227' s Cash Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.66   Max: 2.72
Current: 2.54

During the past 13 years, Jindal Poly Films's highest Cash Ratio was 2.72. The lowest was 0.13. And the median was 0.66.

BOM:500227's Cash Ratio is ranked better than
90.08% of 393 companies
in the Packaging & Containers industry
Industry Median: 0.34 vs BOM:500227: 2.54

Jindal Poly Films Cash Ratio Historical Data

The historical data trend for Jindal Poly Films'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.

Jindal Poly Films Cash Ratio Chart

Jindal Poly Films Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.67 0.44 2.11 1.79

Jindal Poly Films Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.72 - 1.79 - 2.54

Competitive Comparison of Jindal Poly Films's Cash Ratio

For the Packaging & Containers subindustry, Jindal Poly Films'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.


Jindal Poly Films's Cash Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jindal Poly Films's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Jindal Poly Films's Cash Ratio falls into.



Jindal Poly Films Cash Ratio Calculation

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

Jindal Poly Films'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
=36614.563/20488.103
=1.79

Jindal Poly Films's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=51137.778/20105.157
=2.54

* 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.


Jindal Poly Films  (BOM:500227) 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.


Jindal Poly Films Cash Ratio Related Terms

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Jindal Poly Films Business Description

Traded in Other Exchanges
Address
Plot No. 87, Institutional Area, Sector 32, Gurugram, HR, IND, 122001
Jindal Poly Films Ltd is an Indian company which is a producer of Polyester and BOPP films (plain, metalized, and coated) which are mainly used in the flexible packaging industry. The company also supplies specialty and top-coated BOPP films to the brand owners in food, beverage, and confectionery. The product pipeline includes PET films, Bopp films, Metalized films, Coated films, and others. The company operates through two business segments namely Packaging Films Business, and Nonwoven Fabrics.

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