Accent Microcell has a quick ratio of 0.46. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Accent Microcell's Quick Ratio or its related term are showing as below:
NSE:ACCENTMIC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.46 Max: 0.52
Current: 0.46
During the past 3 years, Accent Microcell's highest Quick Ratio was 0.52. The lowest was 0.45. And the median was 0.46.
NSE:ACCENTMIC's Quick Ratio is ranked worse than 84.89% of 1072
companies
in the Drug Manufacturers industry
Industry Median: 1.32
vs NSE:ACCENTMIC: 0.46
Accent Microcell Quick Ratio Historical Data
The historical data trend for Accent Microcell'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.
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Accent Microcell Quick Ratio Chart
Accent Microcell Annual Data
Trend
Mar21
Mar22
Mar23
Quick Ratio
0.52
0.45
0.46
Accent Microcell Semi-Annual Data
Mar21
Mar22
Mar23
Quick Ratio
0.52
0.45
0.46
Competitive Comparison of Accent Microcell's Quick Ratio
For the Drug Manufacturers - Specialty & Generic subindustry, Accent Microcell'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.
Accent Microcell's Quick Ratio Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Accent Microcell's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Accent Microcell's Quick Ratio falls into.
Accent Microcell 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.
Accent Microcell's Quick 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.
Accent Microcell (NSE:ACCENTMIC) 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.
Accent Microcell Quick Ratio Related Terms
Thank you for viewing the detailed overview of Accent Microcell's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Accent Microcell (NSE:ACCENTMIC) Business Description
Accent Microcell Ltd is a manufacturer of Pharmaceutical Products. It has Products such as Microcrystalline cellulose is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Cross Carmellose Sodium Croscarmellose sodium is an internally cross-linked sodium carboxymethylcellulose for use as a super disintegrant in pharmaceutical formulations; Magnesium Stearate which is also called octadecanoic acid, magnesium salt, is a white substance, powder which becomes solid at room temperature and also produces Cellulose Powder is white or almost white, odourless, tasteless, Practically insoluble in water, dilute acid and organic solvents, Slightly soluble in dilute NaOH solution.
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