IL&FS Transportation Networks 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 IL&FS Transportation Networks's Cash Ratio or its related term are showing as below:
BOM:715003.PFD'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 1.96
Current: 0.01
During the past 13 years, IL&FS Transportation Networks's highest Cash Ratio was 1.96. The lowest was 0.01. And the median was 0.13.
BOM:715003.PFD's Cash Ratio is not ranked
in the Construction industry.
Industry Median: 0.33
vs BOM:715003.PFD: 0.01
IL&FS Transportation Networks 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 IL&FS Transportation Networks's Cash Ratio
For the Infrastructure Operations subindustry, IL&FS Transportation Networks'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.
IL&FS Transportation Networks's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, IL&FS Transportation Networks's Cash Ratio distribution charts can be found below:
* The bar in red indicates where IL&FS Transportation Networks'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.
IL&FS Transportation Networks (BOM:715003.PFD) 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.
IL&FS Transportation Networks Cash Ratio Related Terms
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IL&FS Transportation Networks Business Description
IL&FS Transportation Networks Ltd is in the development, implementation, construction management, operation, and management of toll roads and advisory services relating to road sector projects in India. It operates in a single business segment that is the Surface transportation business. The surface transportation business segment includes the development, operation, and facilitation of surface transportation infrastructure projects and also conceptualization, commissioning, operations, and maintenance.
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