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Kavveri Defence & Wireless Technologies (BOM:590041) Cash Ratio : 0.02 (As of Sep. 2024)


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What is Kavveri Defence & Wireless Technologies Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Kavveri Defence & Wireless Technologies's Cash Ratio for the quarter that ended in Sep. 2024 was 0.02.

Kavveri Defence & Wireless Technologies has a Cash Ratio of 0.02. 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 Kavveri Defence & Wireless Technologies's Cash Ratio or its related term are showing as below:

BOM:590041' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.05
Current: 0.02

During the past 13 years, Kavveri Defence & Wireless Technologies's highest Cash Ratio was 0.05. The lowest was 0.01. And the median was 0.01.

BOM:590041's Cash Ratio is ranked worse than
97.92% of 2450 companies
in the Hardware industry
Industry Median: 0.61 vs BOM:590041: 0.02

Kavveri Defence & Wireless Technologies Cash Ratio Historical Data

The historical data trend for Kavveri Defence & Wireless Technologies'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.

* Premium members only.

Kavveri Defence & Wireless Technologies Cash Ratio Chart

Kavveri Defence & Wireless Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - - 0.01 0.04

Kavveri Defence & Wireless Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 - 0.04 - 0.02

Competitive Comparison of Kavveri Defence & Wireless Technologies's Cash Ratio

For the Communication Equipment subindustry, Kavveri Defence & Wireless Technologies'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.


Kavveri Defence & Wireless Technologies's Cash Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kavveri Defence & Wireless Technologies's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Kavveri Defence & Wireless Technologies's Cash Ratio falls into.



Kavveri Defence & Wireless Technologies Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Kavveri Defence & Wireless Technologies's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash Ratio (A: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=14.287/383.684
=0.04

Kavveri Defence & Wireless Technologies's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2.556/156.972
=0.02

* 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.


Kavveri Defence & Wireless Technologies  (BOM:590041) 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.


Kavveri Defence & Wireless Technologies Cash Ratio Related Terms

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Kavveri Defence & Wireless Technologies Business Description

Traded in Other Exchanges
Address
Bannerghatta Road, Kavveri Industrial Complex, Plot No. 31-36, 1st Floor, 1st Main, 2nd Stage, Arakere Mico Layout, Bangalore, KA, IND, 560076
Kavveri Defence & Wireless Technologies Ltd formerly Kavveri Telecom Products Ltd is engaged in the manufacture of telecom subsystems hardware equipment and solutions for the Telecom, Defence, and Space segments. It designs, develops, tests, and manufactures a range of wireless telecom products, from concept to deployment. also provides total turnkey solutions for coverage and capacity enhancement requirements for GSM 3G and CDMA carriers in India. The product portfolio includes Antennas, RF Components, Cables and Connectors, Repeaters, TMA/TMB and energy-conserving solar products.

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