Excellent Wires and Packaging has a Cash Ratio of 6.51. 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 Excellent Wires and Packaging's Cash Ratio or its related term are showing as below:
NSE:EXCELLENT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.25 Max: 6.51
Current: 6.51
During the past 3 years, Excellent Wires and Packaging's highest Cash Ratio was 6.51. The lowest was 0.05. And the median was 0.25.
NSE:EXCELLENT's Cash Ratio is ranked better than 96.9% of 2997
companies
in the Industrial Products industry
Industry Median: 0.53
vs NSE:EXCELLENT: 6.51
Excellent Wires and Packaging 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.
* Premium members only.
Excellent Wires and Packaging Cash Ratio Chart
Excellent Wires and Packaging Annual Data
Trend
Mar22
Mar23
Mar24
Cash Ratio
-
0.05
0.25
Excellent Wires and Packaging Semi-Annual Data
Mar22
Mar23
Sep23
Mar24
Sep24
Cash Ratio
-
0.05
-
0.25
6.51
Competitive Comparison of Excellent Wires and Packaging's Cash Ratio
For the Electrical Equipment & Parts subindustry, Excellent Wires and Packaging'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.
Excellent Wires and Packaging's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Excellent Wires and Packaging's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Excellent Wires and Packaging'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.
Excellent Wires and Packaging (NSE:EXCELLENT) 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.
Excellent Wires and Packaging Cash Ratio Related Terms
Thank you for viewing the detailed overview of Excellent Wires and Packaging's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Excellent Wires and Packaging Business Description
Excellent Wires and Packaging Ltd is a manufacturer and exporter of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. It also manufactures packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes under the brand name of Excellent. The company supplies its products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable, etc.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:EXCELLENT has been successfully added to your