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Baraka Power (DHA:BARKAPOWER) Cash Ratio

: 0.09 (As of Dec. 2023)
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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. Baraka Power's Cash Ratio for the quarter that ended in Dec. 2023 was 0.09.

Baraka Power has a Cash Ratio of 0.09. 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 Baraka Power's Cash Ratio or its related term are showing as below:

DHA:BARKAPOWER' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.07   Max: 0.48
Current: 0.09

During the past 12 years, Baraka Power's highest Cash Ratio was 0.48. The lowest was 0.01. And the median was 0.07.

DHA:BARKAPOWER's Cash Ratio is ranked worse than
79.96% of 494 companies
in the Utilities - Regulated industry
Industry Median: 0.3 vs DHA:BARKAPOWER: 0.09

Baraka Power Cash Ratio Historical Data

The historical data trend for Baraka Power'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.

Baraka Power Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.06 0.22 0.14 0.11

Baraka Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.19 0.11 0.21 0.09

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Baraka Power'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.


Baraka Power Cash Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, Baraka Power's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Baraka Power's Cash Ratio falls into.



Baraka Power Cash Ratio Calculation

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

Baraka Power's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=154.277/1419.323
=0.11

Baraka Power's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=187.986/2084.178
=0.09

* 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.


Baraka Power  (DHA:BARKAPOWER) 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.


Baraka Power Cash Ratio Related Terms

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Baraka Power (DHA:BARKAPOWER) Business Description

Traded in Other Exchanges
N/A
Address
6/A/1, Segunbagicha, 1st and 2nd Floor, Dhaka, BGD, 1000
Baraka Power Ltd is a Bangladesh-based company engaged in the business of setting up power plants for the generation and supply of electricity. The company also engaged in Engineering, Procurement, and Construction (EPC) contracts for the implementation of new power projects and has also invested in three additional power plants, a clothing project, and a school project.

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