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Vishal Fabrics (BOM:538598) Current Ratio : 1.83 (As of Mar. 2024)


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What is Vishal Fabrics Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Vishal Fabrics's current ratio for the quarter that ended in Mar. 2024 was 1.83.

Vishal Fabrics has a current ratio of 1.83. It generally indicates good short-term financial strength.

The historical rank and industry rank for Vishal Fabrics's Current Ratio or its related term are showing as below:

BOM:538598' s Current Ratio Range Over the Past 10 Years
Min: 1.13   Med: 1.55   Max: 1.83
Current: 1.83

During the past 11 years, Vishal Fabrics's highest Current Ratio was 1.83. The lowest was 1.13. And the median was 1.55.

BOM:538598's Current Ratio is ranked better than
55.35% of 1075 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.65 vs BOM:538598: 1.83

Vishal Fabrics Current Ratio Historical Data

The historical data trend for Vishal Fabrics's Current 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.

Vishal Fabrics Current Ratio Chart

Vishal Fabrics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.50 1.57 1.79 1.83

Vishal Fabrics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Current 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 1.79 - 1.88 - 1.83

Competitive Comparison of Vishal Fabrics's Current Ratio

For the Textile Manufacturing subindustry, Vishal Fabrics'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.


Vishal Fabrics's Current Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vishal Fabrics's Current Ratio distribution charts can be found below:

* The bar in red indicates where Vishal Fabrics's Current Ratio falls into.



Vishal Fabrics Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Vishal Fabrics's Current Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Current Ratio (A: Mar. 2024 )=Total Current Assets (A: Mar. 2024 )/Total Current Liabilities (A: Mar. 2024 )
=6493.705/3545.083
=1.83

Vishal Fabrics's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=6493.705/3545.083
=1.83

* 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.


Vishal Fabrics  (BOM:538598) 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.


Vishal Fabrics Current Ratio Related Terms

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Vishal Fabrics (BOM:538598) Business Description

Traded in Other Exchanges
N/A
Address
Bopal - Ambli Road, Shanti Corporate House, Near Hira Rupa Hall, Bopal, Ahmedabad, GJ, IND, 380058
Vishal Fabrics Ltd is an Indian company engaged in the business of manufacturing and sale of textile. Its activities include dying, printing, and processing of fabrics of its own and also on job work basis. The company mainly procures grey fabric and dyes, and prints. The company sells Manufactured goods; which includes fabric sales, grey fabric sales, and yarn sales and Trading goods; which include chips sales. It also offers services which include Job work sales. The group operates its business primarily in India.

Vishal Fabrics (BOM:538598) Headlines

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