Allcargo Logistics 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 Allcargo Logistics's Quick Ratio or its related term are showing as below:
NSE:ALLCARGO'
s Quick Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.09 Max: 1.33
Current: 1.11
During the past 13 years, Allcargo Logistics's highest Quick Ratio was 1.33. The lowest was 0.93. And the median was 1.09.
NSE:ALLCARGO's Quick Ratio is ranked worse than 57.65% of 980
companies
in the Transportation industry
Industry Median: 1.27
vs NSE:ALLCARGO: 1.11
Allcargo Logistics Quick Ratio Historical Data
The historical data trend for Allcargo Logistics'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.
Competitive Comparison of Allcargo Logistics's Quick Ratio
For the Integrated Freight & Logistics subindustry, Allcargo Logistics'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.
Allcargo Logistics's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Allcargo Logistics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Allcargo Logistics's Quick Ratio falls into.
Allcargo Logistics 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.
Allcargo Logistics'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.
Allcargo Logistics (NSE:ALLCARGO) 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.
Allcargo Logistics Quick Ratio Related Terms
Thank you for viewing the detailed overview of Allcargo Logistics's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Allcargo Logistics (NSE:ALLCARGO) Business Description
Allcargo Logistics Ltd provides integrated logistics solutions. The company organizes itself into five segments. The multimodal transport operations segment, which contributes the majority of revenue, provides non-vessel freight forwarding services. The container freight stations/inland container depots, provide cargo stuffing, de-stuffing, and customs clearance services. The project and engineering solutions, provide rental equipment and services for project, engineering, and logistics purposes. The logistic park provides warehousing through the development and leasing of its container parks, Express distribution, provides express distribution and supply chain solutions. The firm's revenue is derived from India, America, the Far East, Europe, and others.
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