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Aurum Proptech (BOM:539289) Current Ratio : 0.00 (As of Dec. 2023)


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What is Aurum Proptech 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. Aurum Proptech's current ratio for the quarter that ended in Dec. 2023 was 0.00.

Aurum Proptech has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Aurum Proptech has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

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

BOM:539289' s Current Ratio Range Over the Past 10 Years
Min: 0.52   Med: 2.34   Max: 11.07
Current: 0.52

During the past 9 years, Aurum Proptech's highest Current Ratio was 11.07. The lowest was 0.52. And the median was 2.34.

BOM:539289's Current Ratio is ranked worse than
90.82% of 2831 companies
in the Software industry
Industry Median: 1.78 vs BOM:539289: 0.52

Aurum Proptech Current Ratio Historical Data

The historical data trend for Aurum Proptech'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.

Aurum Proptech Current Ratio Chart

Aurum Proptech Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Current Ratio
Get a 7-Day Free Trial Premium Member Only 2.99 2.26 11.07 4.84 1.25

Aurum Proptech Quarterly Data
Dec18 Mar19 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 1.25 - 0.52 -

Competitive Comparison of Aurum Proptech's Current Ratio

For the Information Technology Services subindustry, Aurum Proptech'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.


Aurum Proptech's Current Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Aurum Proptech's Current Ratio distribution charts can be found below:

* The bar in red indicates where Aurum Proptech's Current Ratio falls into.



Aurum Proptech 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.

Aurum Proptech's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Current Ratio (A: Mar. 2023 )=Total Current Assets (A: Mar. 2023 )/Total Current Liabilities (A: Mar. 2023 )
=1139.2/914.2
=1.25

Aurum Proptech's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=0/0
=

* 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.


Aurum Proptech  (BOM:539289) 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.


Aurum Proptech Current Ratio Related Terms

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Aurum Proptech (BOM:539289) Business Description

Traded in Other Exchanges
Address
Thane Belapur Road, Aurum Q1 Building, Aurum Q Parc, Navi Mumbai, MH, IND, 400 710
Aurum Proptech Ltd formerly Majesco Ltd provides an integrated portfolio of information technology (IT) software and services, including IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, customer relationship management services, and legacy modernization in the insurance industries. The company operates through its software development center at Mahape. Majesco also focuses on real estate activity. Geographically, the company offers its services to North America, Europe, and Others region.

Aurum Proptech (BOM:539289) Headlines

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