Tridhya Tech has a Cash Ratio of 0.15. 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 Tridhya Tech's Cash Ratio or its related term are showing as below:
NSE:TRIDHYA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 0.32
Current: 0.15
During the past 5 years, Tridhya Tech's highest Cash Ratio was 0.32. The lowest was 0.04. And the median was 0.14.
NSE:TRIDHYA's Cash Ratio is ranked worse than 85.23% of 2775
companies
in the Software industry
Industry Median: 0.79
vs NSE:TRIDHYA: 0.15
Tridhya Tech Cash Ratio Historical Data
The historical data trend for Tridhya Tech's Cash Ratio can be seen below:
* 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.
Tridhya Tech Cash Ratio Chart
Tridhya Tech Annual Data
Trend
Mar20
Mar21
Mar22
Mar23
Mar24
Cash Ratio
0.14
0.32
0.09
0.04
0.15
Tridhya Tech Semi-Annual Data
Mar20
Mar21
Mar22
Mar23
Mar24
Cash Ratio
0.14
0.32
0.09
0.04
0.15
Competitive Comparison of Tridhya Tech's Cash Ratio
For the Software - Infrastructure subindustry, Tridhya Tech'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.
Tridhya Tech's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Tridhya Tech's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tridhya Tech'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.
Tridhya Tech (NSE:TRIDHYA) 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.
Tridhya Tech Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tridhya Tech's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tridhya Tech Ltd is engaged in full-service Software Development which includes all IT services and resources. It provides turnkey consultancy services to various industries like e-commerce, Real estate, transport and Logistics, Insurance and other sectors. The company provides services related to e-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development and Graphic design. It provides customized software products, which start from the initial concept of the product requirement, designing the architecture, coding and testing, and deploying to the final deployment of the product, and also provides post-deployment support on time to time basis to its clients.
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