Tamil Nadu Newsprint & Papers has a Cash Ratio of 0.00. 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 Tamil Nadu Newsprint & Papers's Cash Ratio or its related term are showing as below:
During the past 13 years, Tamil Nadu Newsprint & Papers's highest Cash Ratio was 0.04. The lowest was 0.01. And the median was 0.01.
BOM:531426's Cash Ratio is not ranked *
in the Forest Products industry.
Industry Median: 0.29 * Ranked among companies with meaningful Cash Ratio only.
Tamil Nadu Newsprint & Papers 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 Tamil Nadu Newsprint & Papers's Cash Ratio
For the Paper & Paper Products subindustry, Tamil Nadu Newsprint & Papers'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.
Tamil Nadu Newsprint & Papers's Cash Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tamil Nadu Newsprint & Papers's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tamil Nadu Newsprint & Papers's Cash Ratio falls into.
Tamil Nadu Newsprint & Papers 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.
Tamil Nadu Newsprint & Papers (BOM:531426) 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.
Tamil Nadu Newsprint & Papers Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tamil Nadu Newsprint & Papers's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tamil Nadu Newsprint & Papers Business Description
Tamil Nadu Newsprint & Papers Ltd is engaged in the business of printing and writing paper. It operates in two segments Paper & Paper Board and Energy. Paper & Paper Board is involved in the Manufacturing and selling of Paper and Paper boards, and the Energy involved in the Generation of Power through TGs and Windmills for captive consumption and for export of power. Its products include Paper, Packaging Board, Cement, and Marketing Network.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:531426 has been successfully added to your 