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. Shalby's quick ratio for the quarter that ended in Mar. 2024 was 0.98.
Shalby has a quick ratio of 0.98. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Shalby's Quick Ratio or its related term are showing as below:
NSE:SHALBY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.63 Med: 1.73 Max: 3.04
Current: 0.98
During the past 12 years, Shalby's highest Quick Ratio was 3.04. The lowest was 0.63. And the median was 1.73.
NSE:SHALBY's Quick Ratio is ranked worse than 59.73% of 678
companies
in the Healthcare Providers & Services industry
Industry Median: 1.2
vs NSE:SHALBY: 0.98
Shalby Quick Ratio Historical Data
The historical data trend for Shalby'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.
For the Medical Care Facilities subindustry, Shalby'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.
Shalby's Quick Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Shalby's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shalby's Quick Ratio falls into.
Shalby 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.
Shalby's Quick 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.
Shalby (NSE:SHALBY) 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.
Shalby Quick Ratio Related Terms
Thank you for viewing the detailed overview of Shalby's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Shalby Ltd operates a chain of multispecialty hospitals. It is engaged in the business of setting up and managing hospitals and medical diagnostic services. The hospitals offer healthcare services to patients in various areas of specialization such as Cardiology, Emergency Medicine, Gastroentero Surgery, Arthroscopy Sports Injury, Infectious Diseases, Oncology, and others. The activities are mainly conducted only in India. Revenue primarily comprises fees charged for inpatient and outpatient hospital services. Services include charges for accommodation, medical professional services, equipment, radiology, laboratory and pharmaceutical goods used in treatments given to Patients.
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