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Treet Battery (KAR:TBL) Cash Ratio : 0.02 (As of Mar. 2024)


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What is Treet Battery 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. Treet Battery's Cash Ratio for the quarter that ended in Mar. 2024 was 0.02.

Treet Battery 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 Treet Battery's Cash Ratio or its related term are showing as below:

KAR:TBL' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.02   Max: 0.02
Current: 0.02

During the past 0 years, Treet Battery's highest Cash Ratio was 0.02. The lowest was 0.02. And the median was 0.02.

KAR:TBL's Cash Ratio is ranked worse than
97.38% of 2980 companies
in the Industrial Products industry
Industry Median: 0.54 vs KAR:TBL: 0.02

Treet Battery Cash Ratio Historical Data

The historical data trend for Treet Battery'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.

Treet Battery Cash Ratio Chart

Treet Battery Annual Data
Trend
Cash Ratio

Treet Battery Quarterly Data
Mar23 Mar24
Cash Ratio - 0.02

Competitive Comparison of Treet Battery's Cash Ratio

For the Electrical Equipment & Parts subindustry, Treet Battery'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.


Treet Battery's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Treet Battery's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Treet Battery's Cash Ratio falls into.



Treet Battery Cash Ratio Calculation

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

Treet Battery's Cash Ratio for the fiscal year that ended in . 20 is calculated as:

Treet Battery's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=158.854/9030.795
=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.


Treet Battery  (KAR:TBL) 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.


Treet Battery Cash Ratio Related Terms

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Treet Battery (KAR:TBL) Business Description

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Address
Treet Battery Ltd is a company which carries out business as manufacturers, assemblers, processors, producers, suppliers, sellers, importers, exporters, makers, fabricators and dealers in all batteries including but not limited to lead acid batteries, deep cycle batteries, lithium batteries, nickel cadmimum batteries, nickel metal hydride batteries, absorbed glass mat batteries, Gel batteries used in or required for industrial, transport, commercial and domestic and any other purpose.

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