Roma Green Finance 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 Roma Green Finance's Cash Ratio or its related term are showing as below:
ROMA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.09 Max: 0.11
Current: 0.09
During the past 3 years, Roma Green Finance's highest Cash Ratio was 0.11. The lowest was 0.09. And the median was 0.09.
ROMA's Cash Ratio is ranked worse than 88.27% of 1057
companies
in the Business Services industry
Industry Median: 0.58
vs ROMA: 0.09
Roma Green Finance Cash Ratio Historical Data
The historical data trend for Roma Green 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.
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Roma Green Finance Cash Ratio Chart
Roma Green Finance Annual Data
Trend
Mar21
Mar22
Mar23
Cash Ratio
0.11
0.09
0.09
Roma Green Finance Semi-Annual Data
Mar21
Sep21
Mar22
Sep22
Mar23
Cash Ratio
0.11
-
0.09
0.10
0.09
Competitive Comparison of Roma Green Finance's Cash Ratio
For the Consulting Services subindustry, Roma Green 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.
Roma Green Finance's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Roma Green Finance's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Roma Green Finance's Cash Ratio falls into.
Roma Green 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.
Roma Green Finance's Cash Ratio for the fiscal year that ended in Mar. 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.
Roma Green Finance (NAS:ROMA) 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.
Roma Green Finance Cash Ratio Related Terms
Thank you for viewing the detailed overview of Roma Green Finance's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Roma Green Finance (Roma Green Finance) Business Description
Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage and overcome various business matters arising from such factors related to ESG, sustainability and climate change. it provides tailored-made sustainability solutions to meet the client's specific needs. Its mission is to provide its clients with a one-stop destination for high-quality and holistic sustainability and climate change-related consulting services to support a more sustainable, balanced and inclusive future for our clients' organizations and the world.
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