Droneacharya Aerial Innovations has a Cash Ratio of 1.25. 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 Droneacharya Aerial Innovations's Cash Ratio or its related term are showing as below:
BOM:543713'
s Cash Ratio Range Over the Past 10 Years
Min: 0.42 Med: 3.91 Max: 24.74
Current: 1.25
During the past 5 years, Droneacharya Aerial Innovations's highest Cash Ratio was 24.74. The lowest was 0.42. And the median was 3.91.
BOM:543713's Cash Ratio is ranked better than 70.36% of 2470
companies
in the Hardware industry
Industry Median: 0.655
vs BOM:543713: 1.25
Droneacharya Aerial Innovations 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 Droneacharya Aerial Innovations's Cash Ratio
For the Computer Hardware subindustry, Droneacharya Aerial Innovations'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.
Droneacharya Aerial Innovations's Cash Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Droneacharya Aerial Innovations's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Droneacharya Aerial Innovations's Cash Ratio falls into.
Droneacharya Aerial Innovations 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.
Droneacharya Aerial Innovations (BOM:543713) 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.
Droneacharya Aerial Innovations Cash Ratio Related Terms
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Droneacharya Aerial Innovations (BOM:543713) Business Description
Droneacharya Aerial Innovations Ltd provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, The main operations of the company are Imparting the Drone operation Training, Drone supply and Maintenance services , Management Consultancy and training services. Drone pilot training & specialized GIS training. The company's offerings can be classified into four broad categories namely, Training, Services, Surveillance and others.
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