Everest Kanto Cylinder has a Cash Ratio of 0.40. 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 Everest Kanto Cylinder's Cash Ratio or its related term are showing as below:
NSE:EKC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.4
Current: 0.4
During the past 13 years, Everest Kanto Cylinder's highest Cash Ratio was 0.40. The lowest was 0.02. And the median was 0.10.
NSE:EKC's Cash Ratio is ranked worse than 57.8% of 2969
companies
in the Industrial Products industry
Industry Median: 0.52
vs NSE:EKC: 0.40
* 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 Everest Kanto Cylinder's Cash Ratio
For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.
Everest Kanto Cylinder's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Everest Kanto Cylinder's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Everest Kanto Cylinder's Cash Ratio falls into.
Everest Kanto Cylinder Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Everest Kanto Cylinder'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.
Everest Kanto Cylinder (NSE:EKC) 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.
Everest Kanto Cylinder Cash Ratio Related Terms
Thank you for viewing the detailed overview of Everest Kanto Cylinder's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinders, Plate Cylinders, compressed natural gas (CNG) Cylinders, Breathing Air cylinders, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, and seamless cylinders for fire-fighting. Maximum of its revenue comes from India.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:EKC has been successfully added to your 