Five-Star Business Finance has a Cash Ratio of 39.00. 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 Five-Star Business Finance's Cash Ratio or its related term are showing as below:
NSE:FIVESTAR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.18 Max: 42.64
Current: 39
During the past 5 years, Five-Star Business Finance's highest Cash Ratio was 42.64. The lowest was 0.65. And the median was 1.18.
NSE:FIVESTAR's Cash Ratio is ranked better than 91.67% of 372
companies
in the Credit Services industry
Industry Median: 0.655
vs NSE:FIVESTAR: 39.00
Five-Star Business Finance 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 Five-Star Business Finance's Cash Ratio
For the Credit Services subindustry, Five-Star Business Finance'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.
Five-Star Business Finance's Cash Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Five-Star Business Finance's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Five-Star Business Finance's Cash Ratio falls into.
Five-Star Business Finance Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Five-Star Business Finance (NSE:FIVESTAR) 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.
Five-Star Business Finance Cash Ratio Related Terms
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Five-Star Business Finance (NSE:FIVESTAR) Business Description
Five-Star Business Finance Ltd provides secured loans to micro-entrepreneurs and self-employed individuals for business purposes, as well as for asset creation such as home renovation or improvement, or for meeting expenses for significant economic events such as marriage, healthcare and education.
Five-Star Business Finance (NSE:FIVESTAR) Headlines
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