Tembo Global Industries has a Cash Ratio of 0.01. 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 Tembo Global Industries's Cash Ratio or its related term are showing as below:
During the past 11 years, Tembo Global Industries's highest Cash Ratio was 0.08. The lowest was 0.01. And the median was 0.03.
NSE:TEMBO's Cash Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 0.52 * Ranked among companies with meaningful Cash Ratio only.
Tembo Global 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 Tembo Global Industries's Cash Ratio
For the Metal Fabrication subindustry, Tembo Global 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.
Tembo Global Industries's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tembo Global Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tembo Global Industries's Cash Ratio falls into.
Tembo Global Industries Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Tembo Global Industries'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.
Tembo Global Industries (NSE:TEMBO) 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.
Tembo Global Industries Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tembo Global Industries's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tembo Global Industries Ltd manufactures and fabricates steel products for its application in Pipe Support Systems, HVAC Systems, Anti-vibration systems and Equipment for Industrial, Commercial, Utility, and OEM Installations. It also manufactures metal and base metal products like G. I. nuts, various types of bolts, clamps, hangers, bathroom pipes, fittings, bathroom accessories and sanitary wares. The company operates in two business segment viz, Manufacturing of Engineering Products and Trading of Fabric and Textile Products. The majority of revenue from operations is derived from the domestic market.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:TEMBO has been successfully added to your 