Chemcon Speciality Chemicals has a Cash Ratio of 0.00. 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 Chemcon Speciality Chemicals's Cash Ratio or its related term are showing as below:
NSE:CHEMCON'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 1.27 Max: 2.97
Current: 2.86
During the past 7 years, Chemcon Speciality Chemicals's highest Cash Ratio was 2.97. The lowest was 0.01. And the median was 1.27.
NSE:CHEMCON's Cash Ratio is ranked better than 89.28% of 1539
companies
in the Chemicals industry
Industry Median: 0.5
vs NSE:CHEMCON: 2.86
Chemcon Speciality Chemicals 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 Chemcon Speciality Chemicals's Cash Ratio
For the Specialty Chemicals subindustry, Chemcon Speciality Chemicals'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.
Chemcon Speciality Chemicals's Cash Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Chemcon Speciality Chemicals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Chemcon Speciality Chemicals's Cash Ratio falls into.
* 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.
Chemcon Speciality Chemicals (NSE:CHEMCON) 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.
Chemcon Speciality Chemicals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Chemcon Speciality Chemicals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Chemcon Speciality Chemicals Ltd manufactures specialized chemicals including Hexamethyldisilazane and Chloromethyl Isopropyl Carbonate, which are mainly used in the pharmaceutical industry. The company also produce inorganic bromides such as Calcium Bromide, Zinc Bromide, and Sodium Bromide, which are primarily used as completion fluids in the oilfields industry. The company's product lines include Oilfield Chemicals, Pharmaceutical Chemicals, Silanes, and Contract Manufacturing. It operates in India and internationally, with the majority of its revenue coming from India. In addition to the sale of products, the company also generates revenue from the sale of services.
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