Modis Navnirman has a Cash Ratio of 0.36. 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 Modis Navnirman's Cash Ratio or its related term are showing as below:
BOM:543539'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.36
Current: 0.36
During the past 5 years, Modis Navnirman's highest Cash Ratio was 0.36. The lowest was 0.02. And the median was 0.14.
BOM:543539's Cash Ratio is ranked better than 53.26% of 1780
companies
in the Real Estate industry
Industry Median: 0.32
vs BOM:543539: 0.36
Modis Navnirman Cash Ratio Historical Data
The historical data trend for Modis Navnirman'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 Modis Navnirman's Cash Ratio
For the Real Estate - Development subindustry, Modis Navnirman'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.
Modis Navnirman's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Modis Navnirman's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Modis Navnirman's Cash Ratio falls into.
Modis Navnirman Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Modis Navnirman'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.
Modis Navnirman (BOM:543539) 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.
Modis Navnirman Cash Ratio Related Terms
Thank you for viewing the detailed overview of Modis Navnirman's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.
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