Bharat Bijlee has a Cash Ratio of 0.73. 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 Bharat Bijlee's Cash Ratio or its related term are showing as below:
NSE:BBL'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.73
Current: 0.73
During the past 13 years, Bharat Bijlee's highest Cash Ratio was 0.73. The lowest was 0.02. And the median was 0.08.
NSE:BBL's Cash Ratio is ranked better than 61.06% of 2971
companies
in the Industrial Products industry
Industry Median: 0.52
vs NSE:BBL: 0.73
Bharat Bijlee Cash Ratio Historical Data
The historical data trend for Bharat Bijlee'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.
Competitive Comparison of Bharat Bijlee's Cash Ratio
For the Electrical Equipment & Parts subindustry, Bharat Bijlee'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.
Bharat Bijlee's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bharat Bijlee's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Bijlee's Cash Ratio falls into.
Bharat Bijlee Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Bharat Bijlee's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:
* 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.
Bharat Bijlee (NSE:BBL) 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.
Bharat Bijlee Cash Ratio Related Terms
Thank you for viewing the detailed overview of Bharat Bijlee's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bharat Bijlee Ltd offers electric motors and transformers. The company's operating segment includes Power Systems and Industrial Systems. The Power Systems segment comprises the design, commissioning, and marketing of power transformers; EPC projects for electrical substations including delivery, rectification, commissioning, and servicing of transformers and marketing of maintenance products. The Industrial systems segment generates the majority of revenue, and it comprises the development, marketing, and manufacture of a wide range of standard and customized electric motors; magnet technology machines, and the engineering and supply of Drives and Automation systems. Geographically it has a presence in India and Outside India, of which a majority of revenue is derived from India.
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