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Bharat Immunologicals & Biologicals has a current ratio of 0.33. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Bharat Immunologicals & Biologicals has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
BOM:524663's Current Ratio is not ranked *
in the Biotechnology industry.
Industry Median: 3.88 * Ranked among companies with meaningful Current Ratio only.
Bharat Immunologicals & Biologicals (BOM:524663) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Bharat Immunologicals & Biologicals Current Ratio Related Terms
Bharat Immunologicals & Biologicals Current Ratio Historical Data
* 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.
Bharat Immunologicals & Biologicals Current Ratio Chart
BOM:524663 vs VRTX, REGN, SGEN: Current Ratio Comparison
For the Biotechnology subindustry, Bharat Immunologicals & Biologicals's Current Ratio, along with its competitors' market caps and Current 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.
Bharat Immunologicals & Biologicals Current Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Bharat Immunologicals & Biologicals's Current Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Immunologicals & Biologicals's Current Ratio falls into.
* 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.
Bharat Immunologicals & Biologicals (BOM:524663) has a Current Ratio of 0.33 as of Sep. 2023.
Is Bharat Immunologicals & Biologicals' Current Ratio too high?
Bharat Immunologicals & Biologicals' current Current Ratio is 0.33. The Biotechnology industry median Current Ratio is 3.88. Bharat Immunologicals & Biologicals' value of 0.33 is 91.5% below this industry median. Overall, Bharat Immunologicals & Biologicals has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Bharat Immunologicals & Biologicals' Current Ratio compare to VRTX and REGN?
Bharat Immunologicals & Biologicals' Current Ratio of 0.33 can be compared against companies in the Biotechnology industry. The industry median Current Ratio is 3.88. Bharat Immunologicals & Biologicals' value of 0.33 is 91.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Biotechnology company?
The median Current Ratio among Biotechnology companies is 3.88, based on 1,411 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Immunologicals & Biologicals's current Current Ratio of 0.33 is 91.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Biotechnology industry, the median Current Ratio is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Immunologicals & Biologicals's current Current Ratio is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Immunologicals & Biologicals stock overvalued right now?
Bharat Immunologicals & Biologicals (BOM:524663) has a current Current Ratio of 0.33. The current Current Ratio is 0.33 and 91.5% below the Biotechnology industry median of 3.88. Bharat Immunologicals & Biologicals' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Bharat Immunologicals & Biologicals (BOM:524663), the current Current Ratio is 0.33 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Bharat Immunologicals & Biologicals Business Description
Bharat Immunologicals & Biologicals Corp Ltd is an India-based biotechnology company. It primarily manufactures Oral polio vaccines. In addition, the company also manufactures zinc tablets, diarrhea management kits, and Ready to Use Therapeutic Food (RUTF). It also manufactures nutraceuticals and biological products for the treatment of health deficiencies and disorders. The firm is organized into three segments: Oral Polio Vaccine, Zinc Tablets, and BIB VIT, BIBSANIT. The group principally operates in India and generates the majority of its revenue from sales of Oral polio vaccines.
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