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Surat Trade & Mercantile (BOM:530185) Quick Ratio : 0.00 (As of Dec. 2023)


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What is Surat Trade & Mercantile Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Surat Trade & Mercantile's quick ratio for the quarter that ended in Dec. 2023 was 0.00.

Surat Trade & Mercantile has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Surat Trade & Mercantile's Quick Ratio or its related term are showing as below:

BOM:530185' s Quick Ratio Range Over the Past 10 Years
Min: 0.57   Med: 3.68   Max: 114.91
Current: 111.5

During the past 13 years, Surat Trade & Mercantile's highest Quick Ratio was 114.91. The lowest was 0.57. And the median was 3.68.

BOM:530185's Quick Ratio is ranked better than
93.72% of 669 companies
in the Capital Markets industry
Industry Median: 2.04 vs BOM:530185: 111.50

Surat Trade & Mercantile Quick Ratio Historical Data

The historical data trend for Surat Trade & Mercantile's Quick 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.

Surat Trade & Mercantile Quick Ratio Chart

Surat Trade & Mercantile Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.68 9.65 31.51 11.42 114.91

Surat Trade & Mercantile Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial 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 - 114.91 - 111.50 -

Competitive Comparison of Surat Trade & Mercantile's Quick Ratio

For the Capital Markets subindustry, Surat Trade & Mercantile's Quick Ratio, along with its competitors' market caps and Quick 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.


Surat Trade & Mercantile's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Surat Trade & Mercantile's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Surat Trade & Mercantile's Quick Ratio falls into.



Surat Trade & Mercantile Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Surat Trade & Mercantile's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1005.585-0)/8.751
=114.91

Surat Trade & Mercantile's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/0
=

* 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.


Surat Trade & Mercantile  (BOM:530185) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Surat Trade & Mercantile Quick Ratio Related Terms

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Surat Trade & Mercantile (BOM:530185) Business Description

Traded in Other Exchanges
N/A
Address
Puna-Kumbharia Road, Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Dumbhal, Surat, GJ, IND, 395010
Surat Textile Mills Ltd is engaged in the manufacturing and selling of Polyester filament yarn, polyester chips, and spun yarn. It produces ring-spun yarn for the domestic market in various ranges, such as 100% polyester, 100% viscose, 100% modal, polyester viscose blend, and polyester modal blend. The Company's business segment consists of a single segment of Commodity Trading. The company derives a majority of its revenue from the Commodity trading segment. Geographically, it derives the majority of its revenue from India..

Surat Trade & Mercantile (BOM:530185) Headlines

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