Volume : V, Issue : III, March - 2015

An Analytical Study of Liquidity in Selected Oil and Gas Refineries in India.

Miss Jalpa. H. Panery

Abstract :

Liquidity means the ability of a firm to meet its short term financial obligations. Liquidity is very important factor in the business. Liquidity is very necessary for survival of business. The firm should have to maintain balanced liquidity position which means that neither excess nor insufficient liquidity. Excess liquidity position may reduce profitability and insufficient liquidity position may create danger for the solvency of business. In present research work, the researcher has made analysis of liquidity in selected oil and gas refineries in India viz., IOC, ONGC, HPCL, BPCL for the period of five years. Researcher has used various accounting ratios and F–test one way ANNOVA table as a statistical tool for data analysis. The main purpose of research work is to measure liquidity position and get idea about financial health and solvency of selected oil and gas refineries of India. The findings show that there is strong liquidity in selected oil and gas refineries of India.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Miss Jalpa. H. Panery An Analytical Study of Liquidity in Selected Oil and Gas Refineries in India. Indian Journal of Applied Research, Vol.5, Issue : 3 March 2015

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