PIL Italica Lifestyle has a Cash Ratio of 0.10. 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 PIL Italica Lifestyle's Cash Ratio or its related term are showing as below:
NSE:PILITA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.34
Current: 0.1
During the past 13 years, PIL Italica Lifestyle's highest Cash Ratio was 0.34. The lowest was 0.02. And the median was 0.08.
NSE:PILITA's Cash Ratio is ranked worse than 84.04% of 426
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.5
vs NSE:PILITA: 0.10
* 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 PIL Italica Lifestyle's Cash Ratio
For the Furnishings, Fixtures & Appliances subindustry, PIL Italica Lifestyle'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.
PIL Italica Lifestyle's Cash Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PIL Italica Lifestyle's Cash Ratio distribution charts can be found below:
* The bar in red indicates where PIL Italica Lifestyle's Cash Ratio falls into.
PIL Italica Lifestyle Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
PIL Italica Lifestyle'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.
PIL Italica Lifestyle (NSE:PILITA) 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.
PIL Italica Lifestyle Cash Ratio Related Terms
Thank you for viewing the detailed overview of PIL Italica Lifestyle's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PIL Italica Lifestyle Ltd is engaged in the manufacturing of plastic moulded furniture, material handling products, and waste management products. The company is a producer of plastic moulded furniture and other injection moulded articles. The company offers a varied range of plastic furniture products such as plastic chairs, plastic tables, plastic stools, plastic furniture sets, trolleys, sun loungers, plastic crates, storage bins, waste bins, and other products. It has town segments Manufacturing and Finance.
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