Carbacid Investments (NAI:CARB) Cash Ratio : 1.38 (As of Jul. 2024)

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What is Carbacid Investments 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. Carbacid Investments's Cash Ratio for the quarter that ended in Jul. 2024 was 1.38.

Carbacid Investments has a Cash Ratio of 1.38. 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 Carbacid Investments's Cash Ratio or its related term are showing as below:

NAI:CARB' s Cash Ratio Range Over the Past 10 Years
Min: 0.69 Med: 4.16 Max: 7.42
Current: 1.38

During the past 13 years, Carbacid Investments's highest Cash Ratio was 7.42. The lowest was 0.69. And the median was 4.16.

NAI:CARB's Cash Ratio is ranked better than
76.85% of 1538 companies
in the Chemicals industry
Industry Median: 0.5 vs NAI:CARB: 1.38

Carbacid Investments Cash Ratio Historical Data

The historical data trend for Carbacid Investments'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.

Carbacid Investments Cash Ratio Chart

Carbacid Investments Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash Ratio

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4.47

3.93

0.69

0.70

1.38

Carbacid Investments Semi-Annual Data
	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Cash Ratio	Get a 7-Day Free Trial												0.69	-	0.70	-	1.38

Competitive Comparison of Carbacid Investments's Cash Ratio

For the Specialty Chemicals subindustry, Carbacid Investments'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.

Carbacid Investments's Cash Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbacid Investments's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Carbacid Investments's Cash Ratio falls into.

Carbacid Investments Cash Ratio Calculation

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

Carbacid Investments's Cash Ratio for the fiscal year that ended in Jul. 2024 is calculated as:

Cash Ratio (A: Jul. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	924.558	/	670.741
	=	1.38

Carbacid Investments's Cash Ratio for the quarter that ended in Jul. 2024 is calculated as:

Cash Ratio (Q: Jul. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	924.558	/	670.741
	=	1.38

Carbacid Investments (NAI:CARB) 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.

Carbacid Investments Cash Ratio Related Terms

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Carbacid Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carbacid Investments PLC (NAI:CARB) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eldama Ravine Close, Off Eldama Ravine Road, PO Box 764, ALN House, Westlands, L.R. No. 1870/1/569, Sarit Centre, Nairobi, KEN, 00606

Website

https://www.carbacid.com

Carbacid Investments PLC is an investment and holding company with three subsidiaries. The main activities of the business are mining and marketing of carbon dioxide gas and investment. These are organized in the following operating segments, Trading, and Investment. It derives substantial revenue from trading activities. It caters to domestic and overseas markets. Key revenue is derived from the sale of Carbon dioxide gas.