RR Financial Consultants has a Cash Ratio of 0.50. 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 RR Financial Consultants's Cash Ratio or its related term are showing as below:
BOM:511626'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.44 Max: 0.75
Current: 0.5
During the past 13 years, RR Financial Consultants's highest Cash Ratio was 0.75. The lowest was 0.06. And the median was 0.44.
BOM:511626's Cash Ratio is ranked worse than 62.79% of 387
companies
in the Diversified Financial Services industry
Industry Median: 2.38
vs BOM:511626: 0.50
RR Financial Consultants 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 RR Financial Consultants's Cash Ratio
For the Financial Conglomerates subindustry, RR Financial Consultants'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.
RR Financial Consultants's Cash Ratio Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, RR Financial Consultants's Cash Ratio distribution charts can be found below:
* The bar in red indicates where RR Financial Consultants's Cash Ratio falls into.
RR Financial Consultants Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
RR Financial Consultants'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.
RR Financial Consultants (BOM:511626) 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.
RR Financial Consultants Cash Ratio Related Terms
Thank you for viewing the detailed overview of RR Financial Consultants's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
RR Financial Consultants Ltd is an India-based company engaged in the finance and insurance business. The company is also involved in the activities of financial advisory. Its business activities include equity broking, insurance broking, investment banking, and distribution. The company offers products such as stockbroking, commodity broking, futures and options, interest rate derivatives, currency derivatives, corporate and life insurance, retail general insurance, corporate finance, equity capital markets, private equity, mutual funds, fixed deposits, initial public offerings and tax saving schemes. It derives a majority of its revenue from offering brokerage, consultancy, and auxiliary services.
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