Avax Apparels And OrnamentsBOM:544337 -2.18%18 Current Ratio is 2.57 as of Mar. 2026, which is 6% above its 10-year median of 2.43. GuruFocus rates BOM:544337 with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Avax Apparels And Ornaments ranks better than 67.64% 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. Avax Apparels And Ornaments's current ratio for the quarter that ended in Mar. 2026 was 2.57.
Avax Apparels And Ornaments has a current ratio of 2.57. It generally indicates good short-term financial strength.
The historical rank and industry rank for Avax Apparels And Ornaments's Current Ratio or its related term are showing as below:
BOM:544337'
s Current Ratio Range Over the Past 10 Years
Min: 0.81 Med: 2.43 Max: 11.5
Current: 2.57
During the past 6 years, Avax Apparels And Ornaments's highest Current Ratio was 11.50. The lowest was 0.81. And the median was 2.43.
BOM:544337's Current Ratio is ranked better than 67.64% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.8
vs BOM:544337: 2.57
Avax Apparels And Ornaments (BOM:544337) 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.
Avax Apparels And Ornaments Current Ratio Related Terms
Avax Apparels And Ornaments 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.
BOM:544337 vs RL, LEVI, VFC: Current Ratio Comparison
For the Apparel Manufacturing subindustry, Avax Apparels And Ornaments'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.
Avax Apparels And Ornaments Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Avax Apparels And Ornaments's Current Ratio distribution charts can be found below:
* The bar in red indicates where Avax Apparels And Ornaments'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.
Avax Apparels And Ornaments (BOM:544337) has a Current Ratio of 2.57 as of Mar. 2026. This is near median its historical median of 2.43. Over the past decade, Avax Apparels And Ornaments' Current Ratio has ranged from 0.81 to 11.50. According to the industry distribution chart, Avax Apparels And Ornaments ranks #345 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 32.4%.
Is Avax Apparels And Ornaments' Current Ratio too high?
Avax Apparels And Ornaments' current Current Ratio of 2.57 is near median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 11.50. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.80. Avax Apparels And Ornaments' value of 2.57 is 42.8% above this industry median. Based on the distribution chart, Avax Apparels And Ornaments ranks #345 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Avax Apparels And Ornaments has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Avax Apparels And Ornaments' Current Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Avax Apparels And Ornaments ranks #345 out of 1066 companies for Current Ratio. This puts Avax Apparels And Ornaments in the upper half of its industry. The industry median Current Ratio is 1.80. Avax Apparels And Ornaments' value of 2.57 is 42.8% above this benchmark. Historically, Avax Apparels And Ornaments' own Current Ratio has ranged from 0.81 to 11.50 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.80, Avax Apparels And Ornaments 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 Manufacturing - Apparel & Accessories company?
The median Current Ratio among Manufacturing - Apparel & Accessories companies is 1.80, based on 1,066 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. Avax Apparels And Ornaments's current Current Ratio of 2.57 is 42.8% 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 Manufacturing - Apparel & Accessories industry, the median Current Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avax Apparels And Ornaments's current Current Ratio is 2.57, which is near median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avax Apparels And Ornaments stock overvalued right now?
Avax Apparels And Ornaments (BOM:544337) has a current Current Ratio of 2.57. The current Current Ratio is 2.57, which is near median its 10-year median of 2.43 and 42.8% above the Manufacturing - Apparel & Accessories industry median of 1.80. Avax Apparels And Ornaments' overall GF Score™ is 18/100 with 6 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 Avax Apparels And Ornaments (BOM:544337), the current Current Ratio is 2.57 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.
Avax Apparels And Ornaments Ltd engages in two distinct lines of business: Wholesale trading and Online retail of silver ornaments. Wholesale trading engages in the trading of knitted cloth. The company buys from manufacturers and supplies wholesale to companies and readymade garment manufacturers in Punjab. The company specializes in knitted cloth, which is used for manufacturing ladies' and gents' jackets. Online retail silver ornaments business which includes a range of designs and articles with a choice of the weight of products. The company has two segments namely; Knitted Clothes and Online Retail Sale - silver ornament. The company generates the majority of its revenue from the Knitted Clothes segment.
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