Prime Securities has a Cash Ratio of 10.63. 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 Prime Securities's Cash Ratio or its related term are showing as below:
BOM:500337'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 4.83 Max: 660.14
Current: 10.63
During the past 13 years, Prime Securities's highest Cash Ratio was 660.14. The lowest was 0.01. And the median was 4.83.
BOM:500337's Cash Ratio is ranked better than 88.19% of 652
companies
in the Capital Markets industry
Industry Median: 0.89
vs BOM:500337: 10.63
Prime Securities Cash Ratio Historical Data
The historical data trend for Prime Securities'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.
Competitive Comparison of Prime Securities's Cash Ratio
For the Capital Markets subindustry, Prime Securities'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.
Prime Securities's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Prime Securities's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Prime Securities's Cash Ratio falls into.
Prime Securities Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Prime Securities's Cash Ratio for the fiscal year that ended in Mar. 2024 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.
Prime Securities (BOM:500337) 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.
Prime Securities Cash Ratio Related Terms
Thank you for viewing the detailed overview of Prime Securities's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.
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