Sunlite Recycling Industries 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 Sunlite Recycling Industries's Cash Ratio or its related term are showing as below:
NSE:SUNLITE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.21
Current: 0.1
During the past 4 years, Sunlite Recycling Industries's highest Cash Ratio was 0.21. The lowest was 0.05. And the median was 0.15.
NSE:SUNLITE's Cash Ratio is ranked worse than 88.7% of 2991
companies
in the Industrial Products industry
Industry Median: 0.52
vs NSE:SUNLITE: 0.10
Sunlite Recycling Industries 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 Sunlite Recycling Industries's Cash Ratio
For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries'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.
Sunlite Recycling Industries's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Sunlite Recycling Industries'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.
Sunlite Recycling Industries (NSE:SUNLITE) 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.
Sunlite Recycling Industries Cash Ratio Related Terms
Thank you for viewing the detailed overview of Sunlite Recycling Industries's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.
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