Ashapura Logistics (NSE:ASHALOG) Cash Ratio : 0.11 (As of Mar. 2024)

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What is Ashapura Logistics 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. Ashapura Logistics's Cash Ratio for the quarter that ended in Mar. 2024 was 0.11.

Ashapura Logistics has a Cash Ratio of 0.11. 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 Ashapura Logistics's Cash Ratio or its related term are showing as below:

NSE:ASHALOG' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.11
Current: 0.11

During the past 4 years, Ashapura Logistics's highest Cash Ratio was 0.11. The lowest was 0.01. And the median was 0.03.

NSE:ASHALOG's Cash Ratio is ranked worse than
86.19% of 956 companies
in the Transportation industry
Industry Median: 0.515 vs NSE:ASHALOG: 0.11

Ashapura Logistics Cash Ratio Historical Data

The historical data trend for Ashapura Logistics'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.

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Ashapura Logistics Cash Ratio Chart

Ashapura Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash Ratio

0.02

0.01

0.03

0.11

Ashapura Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash Ratio	0.02	0.01	0.03	0.11

Competitive Comparison of Ashapura Logistics's Cash Ratio

For the Integrated Freight & Logistics subindustry, Ashapura Logistics'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.

Ashapura Logistics's Cash Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ashapura Logistics's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Ashapura Logistics's Cash Ratio falls into.

Ashapura Logistics Cash Ratio Calculation

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

Ashapura Logistics'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
	=	56.582	/	505.146
	=	0.11

Ashapura Logistics'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
	=	56.582	/	505.146
	=	0.11

Ashapura Logistics (NSE:ASHALOG) 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.

Ashapura Logistics Cash Ratio Related Terms

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Ashapura Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ashapura Logistics Ltd (NSE:ASHALOG) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.G. Highway, B-902 Shapath Hexa, Opposite High Court, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.ashapura.in

Ashapura Logistics Ltd is an integrated logistics company in India. It operates in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (3PL)); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The transportation business generated key revenue for the company.

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