CSL Finance has a Cash Ratio of 856.63. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for CSL Finance's Cash Ratio or its related term are showing as below:
BOM:530067'
s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.3 Max: 856.63
Current: 856.63
During the past 13 years, CSL Finance's highest Cash Ratio was 856.63. The lowest was 0.07. And the median was 0.30.
BOM:530067's Cash Ratio is ranked better than 99.19% of 370
companies
in the Credit Services industry
Industry Median: 0.655
vs BOM:530067: 856.63
CSL Finance Cash Ratio Historical Data
The historical data trend for CSL Finance'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.
Competitive Comparison of CSL Finance's Cash Ratio
For the Credit Services subindustry, CSL Finance'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.
CSL Finance's Cash Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, CSL Finance's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CSL Finance's Cash Ratio falls into.
CSL Finance Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
CSL Finance'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.
CSL Finance (BOM:530067) 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.
CSL Finance Cash Ratio Related Terms
Thank you for viewing the detailed overview of CSL Finance's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CSL Finance Ltd operates as a non-banking financial institution. The business activity of the company is to offer secured and unsecured lending to small and medium-size business units to fulfil their financial needs. The company's business is classified into two broader segments of SME business and Wholesale business. SME business is mainly focused on micro and small business loans to various business entities, which is secured mostly against self-occupied Residential or Commercial properties. Wholesale business is focused on big-ticket size loans for the working capital requirement of businesses. The primary revenue source of the company is interest income. The company operates within India.
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