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ASK Automotive (BOM:544022) Current Ratio : 1.08 (As of Mar. 2024)


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What is ASK Automotive 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. ASK Automotive's current ratio for the quarter that ended in Mar. 2024 was 1.08.

ASK Automotive has a current ratio of 1.08. It generally indicates good short-term financial strength.

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

BOM:544022' s Current Ratio Range Over the Past 10 Years
Min: 1.08   Med: 1.09   Max: 1.34
Current: 1.08

During the past 4 years, ASK Automotive's highest Current Ratio was 1.34. The lowest was 1.08. And the median was 1.09.

BOM:544022's Current Ratio is ranked worse than
76.92% of 1317 companies
in the Vehicles & Parts industry
Industry Median: 1.52 vs BOM:544022: 1.08

ASK Automotive Current Ratio Historical Data

The historical data trend for ASK Automotive'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.

ASK Automotive Current Ratio Chart

ASK Automotive Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Current Ratio
1.34 1.10 1.08 1.08

ASK Automotive Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Current Ratio 1.34 1.10 1.08 1.08

Competitive Comparison of ASK Automotive's Current Ratio

For the Auto Parts subindustry, ASK Automotive'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.


ASK Automotive's Current Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ASK Automotive's Current Ratio distribution charts can be found below:

* The bar in red indicates where ASK Automotive's Current Ratio falls into.



ASK Automotive 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.

ASK Automotive'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 )
=4582.956/4258.665
=1.08

ASK Automotive'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 )
=4582.956/4258.665
=1.08

* 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.


ASK Automotive  (BOM:544022) 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.


ASK Automotive Current Ratio Related Terms

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ASK Automotive (BOM:544022) Business Description

Comparable Companies
Traded in Other Exchanges
Address
Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050
ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminium lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

ASK Automotive (BOM:544022) Headlines

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