Bondada Engineering has a Cash Ratio of 0.01. 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 Bondada Engineering's Cash Ratio or its related term are showing as below:
BOM:543971'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.04
Current: 0.01
During the past 4 years, Bondada Engineering's highest Cash Ratio was 0.04. The lowest was 0.01. And the median was 0.01.
BOM:543971's Cash Ratio is ranked worse than 96.95% of 1670
companies
in the Construction industry
Industry Median: 0.295
vs BOM:543971: 0.01
Bondada Engineering Cash Ratio Historical Data
The historical data trend for Bondada Engineering'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 Bondada Engineering's Cash Ratio
For the Engineering & Construction subindustry, Bondada Engineering'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.
Bondada Engineering's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Bondada Engineering's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Bondada Engineering's Cash Ratio falls into.
Bondada Engineering Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Bondada Engineering'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.
Bondada Engineering (BOM:543971) 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.
Bondada Engineering Cash Ratio Related Terms
Thank you for viewing the detailed overview of Bondada Engineering's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bondada Engineering Ltd is an ISO 9001:2015 certified integrated infrastructure company engaged in the business of providing engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to pan India customers operating in the telecom and solar energy industry. The company provides passive telecom infrastructure services which include turnkey services for cell site construction, erection, operation, and maintenance of telecom towers with civil, electrical, and mechanical works; supply of poles and towers, laying and maintenance of optical fiber cables, supply of power equipment and other telecom infrastructure related services to major telecom companies and telecom tower operators in India. The firm generates the majority of its revenue from EPC.
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