Afloat EnterprisesBOM:543377 +0.78%50 Current Ratio is 29.33 as of Mar. 2026, which is 154% above its 10-year median of 11.54. GuruFocus rates BOM:543377 with a GF Score™ of 50/100 and a GF Value™ of ₹1.74 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 634 Steel companies, Afloat Enterprises ranks better than 98.11% on this metric.
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. Afloat Enterprises's current ratio for the quarter that ended in Mar. 2026 was 29.33.
Afloat Enterprises has a current ratio of 29.33. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Afloat Enterprises's Current Ratio or its related term are showing as below:
BOM:543377'
s Current Ratio Range Over the Past 10 Years
Min: 1.47 Med: 11.54 Max: 91.04
Current: 29.33
During the past 8 years, Afloat Enterprises's highest Current Ratio was 91.04. The lowest was 1.47. And the median was 11.54.
BOM:543377's Current Ratio is ranked better than 98.11% of 634
companies
in the Steel industry
Industry Median: 1.63
vs BOM:543377: 29.33
Afloat Enterprises (BOM:543377) 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.
Afloat Enterprises Current Ratio Related Terms
Afloat Enterprises Current Ratio Historical Data
* Premium members only.
The historical data trend for Afloat Enterprises'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.
BOM:543377 vs NUE, STLD, RS: Current Ratio Comparison
For the Steel subindustry, Afloat Enterprises'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.
Afloat Enterprises Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Afloat Enterprises's Current Ratio distribution charts can be found below:
* The bar in red indicates where Afloat Enterprises'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.
Afloat Enterprises (BOM:543377) has a Current Ratio of 29.33 as of Mar. 2026. This is 154% above median its historical median of 11.54. Over the past decade, Afloat Enterprises' Current Ratio has ranged from 1.47 to 91.04. According to the industry distribution chart, Afloat Enterprises ranks #12 out of 634 companies in the Steel industry, placing it in the top 1.9%.
Is Afloat Enterprises' Current Ratio too high?
Afloat Enterprises' current Current Ratio of 29.33 is 154% above median its 10-year median of 11.54. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 91.04. The Steel industry median Current Ratio is 1.63. Afloat Enterprises' value of 29.33 is 1699.4% above this industry median. Based on the distribution chart, Afloat Enterprises ranks #12 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Afloat Enterprises has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Afloat Enterprises' Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Afloat Enterprises ranks #12 out of 634 companies for Current Ratio. This places Afloat Enterprises in the top 2% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.63. Afloat Enterprises' value of 29.33 is 1699.4% above this benchmark. Historically, Afloat Enterprises' own Current Ratio has ranged from 1.47 to 91.04 over the past decade. While the company's 10-year median is 11.54 vs. the industry median of 1.63, Afloat Enterprises has consistently been above the industry average. 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 Steel company?
The median Current Ratio among Steel companies is 1.63, based on 634 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. Afloat Enterprises's current Current Ratio of 29.33 is 1699.4% above 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 Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afloat Enterprises's current Current Ratio is 29.33, which is 154% above median its own 10-year median of 11.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afloat Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Afloat Enterprises (BOM:543377) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.74, compared to a current price of ₹12.95 — trading 644.3% above its estimated fair value. The current Current Ratio is 29.33, which is 154% above median its 10-year median of 11.54 and 1699.4% above the Steel industry median of 1.63. Afloat Enterprises' overall GF Score™ is 50/100 with 8 warning signs to review. 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 Afloat Enterprises (BOM:543377), the current Current Ratio is 29.33 as of Mar. 2026. 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.
Is Afloat Enterprises (BOM:543377) Overvalued in 2026?
Based on GuruFocus' analysis, Afloat Enterprises stock appears to be overvalued.
The current stock price of ₹12.95 is trading 644.3% above its estimated GF Value™ of ₹1.74.
GuruFocus considers Afloat Enterprises to be Significantly Overvalued.
Key valuation signals for BOM:543377:
Current Ratio: 29.33 (154% above median its 10-year median of 11.54)
GF Value™: ₹1.74 vs. price of ₹12.95 (644.3% above fair value)
Industry Position: 1699.4% above the Steel median (#12 of 634)
No single metric tells the full story. See the BOM:543377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afloat Enterprises Ltd operates in the trading of metals, with a core focus on iron and steel products. The company's business activities include the manufacture, production, procurement, conversion, sale, and trading of various iron and steel items such as tin plates, ETP sheets, and stainless products. Additionally, it deals in commodities like diamonds, gold, wheat, rice, and oils, engaging in trading both within India and internationally. The company generates revenue prominently from its metal trading operations and commodities trading. Its operations are majorly based in India, serving various industrial and commodity markets across the country and abroad.
50GF Score
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