Bangladesh Submarine Cables has a Cash Ratio of 1.70. 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 Bangladesh Submarine Cables's Cash Ratio or its related term are showing as below:
DHA:BSCCL'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.23 Max: 3.7
Current: 1.7
During the past 10 years, Bangladesh Submarine Cables's highest Cash Ratio was 3.70. The lowest was 0.13. And the median was 1.23.
DHA:BSCCL's Cash Ratio is ranked better than 89.66% of 387
companies
in the Telecommunication Services industry
Industry Median: 0.32
vs DHA:BSCCL: 1.70
Bangladesh Submarine Cables 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 Bangladesh Submarine Cables's Cash Ratio
For the Telecom Services subindustry, Bangladesh Submarine Cables'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.
Bangladesh Submarine Cables's Cash Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Bangladesh Submarine Cables's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Bangladesh Submarine Cables's Cash Ratio falls into.
Bangladesh Submarine Cables 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.
Bangladesh Submarine Cables (DHA:BSCCL) 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.
Bangladesh Submarine Cables Cash Ratio Related Terms
Thank you for viewing the detailed overview of Bangladesh Submarine Cables's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bangladesh Submarine Cables (DHA:BSCCL) Business Description
Bangladesh Submarine Cables PLC is a Core Telecommunication service provider and International Submarine Cable Operator of Bangladesh. It is also an IIG (International Internet Gateway). The service provided by the company represents the Long-haul communication between Bangladesh and the rest of the world. The company is a party in both SMW-4 and SMW-5 Consortiums that provide more capacity and redundancy in Submarine Cables for Bangladesh. BSCCL-IIG is helping the people of the Country to get broadband Internet at a cheaper rate and quality of service.
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