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Devyani International (BOM:543330) Cash Ratio : 0.00 (As of Dec. 2023)


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What is Devyani International Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Devyani International's Cash Ratio for the quarter that ended in Dec. 2023 was 0.00.

Devyani International has a Cash Ratio of 0.00. 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 Devyani International's Cash Ratio or its related term are showing as below:

BOM:543330' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.16   Max: 0.35
Current: 0.16

During the past 5 years, Devyani International's highest Cash Ratio was 0.35. The lowest was 0.02. And the median was 0.16.

BOM:543330's Cash Ratio is ranked worse than
78.43% of 343 companies
in the Restaurants industry
Industry Median: 0.54 vs BOM:543330: 0.16

Devyani International Cash Ratio Historical Data

The historical data trend for Devyani International'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.

Devyani International Cash Ratio Chart

Devyani International Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Cash Ratio
0.05 0.02 0.15 0.34 0.12

Devyani International Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.12 - 0.16 -

Competitive Comparison of Devyani International's Cash Ratio

For the Restaurants subindustry, Devyani International'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.


Devyani International's Cash Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Devyani International's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Devyani International's Cash Ratio falls into.



Devyani International Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Devyani International's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=625.86/5354.85
=0.12

Devyani International's Cash Ratio for the quarter that ended in Dec. 2023 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.


Devyani International  (BOM:543330) 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.


Devyani International Cash Ratio Related Terms

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Devyani International (BOM:543330) Business Description

Traded in Other Exchanges
Address
Plot No. 18, Sector-35, Gurugram, HR, IND, 122 004
Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of quick-service restaurants chain and operates around 1243 stores across 155 cities in India. Geographically, it derives a majority of its revenue from India.

Devyani International (BOM:543330) Headlines

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