Sri Amarnath Finance 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 Sri Amarnath Finance's Cash Ratio or its related term are showing as below:
During the past 11 years, Sri Amarnath Finance's highest Cash Ratio was 2133.24. The lowest was 4.86. And the median was 183.98.
BOM:538863's Cash Ratio is not ranked *
in the Capital Markets industry.
Industry Median: 1 * Ranked among companies with meaningful Cash Ratio only.
Sri Amarnath Finance Cash Ratio Historical Data
The historical data trend for Sri Amarnath Finance'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 Sri Amarnath Finance's Cash Ratio
For the Capital Markets subindustry, Sri Amarnath Finance'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.
Sri Amarnath Finance's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sri Amarnath Finance's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Sri Amarnath Finance's Cash Ratio falls into.
Sri Amarnath Finance Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Sri Amarnath Finance'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.
Sri Amarnath Finance (BOM:538863) 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.
Sri Amarnath Finance Cash Ratio Related Terms
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Sri Amarnath Finance (BOM:538863) Business Description
Sri Amarnath Finance Ltd is an India-based non-banking financial company. The company is engaged in the business of granting loans and making investments and is engaged in buying, selling, and transfer of shares and securities of various companies in the capital markets. It also provides loans and advances to customers who are eligible as per the criteria for availing services of the company. The business of the Company falls within a single primary segment The majority of revenue is generated from Interest Income.
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