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Harikanta OverseasBOM:544769 +9.38%18 Current Ratio is 1.94 as of Mar. 2025, which is 152% above its 10-year median of 0.77. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,070 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks better than 55.05% 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. Harikanta Overseas's current ratio for the quarter that ended in Mar. 2025 was 1.94.
Harikanta Overseas has a current ratio of 1.94. It generally indicates good short-term financial strength.
The historical rank and industry rank for Harikanta Overseas's Current Ratio or its related term are showing as below:
BOM:544769'
s Current Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.77 Max: 1.94
Current: 1.94
During the past 3 years, Harikanta Overseas's highest Current Ratio was 1.94. The lowest was 0.54. And the median was 0.77.
BOM:544769's Current Ratio is ranked better than 55.05% of 1070
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.8
vs BOM:544769: 1.94
Harikanta Overseas (BOM:544769) 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.
Harikanta Overseas Current Ratio Related Terms
Harikanta Overseas Current Ratio Historical Data
* Premium members only.
The historical data trend for Harikanta Overseas'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.
Harikanta Overseas Current Ratio Chart
Harikanta Overseas Annual Data
Trend
Mar23
Mar24
Mar25
Current Ratio
0.54
0.77
1.94
Harikanta Overseas Semi-Annual Data
Mar23
Mar24
Mar25
Current Ratio
0.54
0.77
1.94
Harikanta Overseas Current Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Harikanta Overseas'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.
Harikanta Overseas Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's Current Ratio distribution charts can be found below:
* The bar in red indicates where Harikanta Overseas'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.
Harikanta Overseas (BOM:544769) has a Current Ratio of 1.94 as of Mar. 2025. This is 152% above median its historical median of 0.77. Over the past decade, Harikanta Overseas' Current Ratio has ranged from 0.54 to 1.94. According to the industry distribution chart, Harikanta Overseas ranks #481 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45%.
Is Harikanta Overseas' Current Ratio too high?
Harikanta Overseas' current Current Ratio of 1.94 is 152% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.94. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.80. Harikanta Overseas' value of 1.94 is 7.8% above this industry median. Based on the distribution chart, Harikanta Overseas ranks #481 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' Current Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #481 out of 1070 companies for Current Ratio. This puts Harikanta Overseas in the upper half of its industry. The industry median Current Ratio is 1.80. Harikanta Overseas' value of 1.94 is 7.8% above this benchmark. Historically, Harikanta Overseas' own Current Ratio has ranged from 0.54 to 1.94 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.80, Harikanta Overseas 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 1,070 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. Harikanta Overseas's current Current Ratio of 1.94 is 7.8% 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. Harikanta Overseas's current Current Ratio is 1.94, which is 152% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current Current Ratio of 1.94. The current Current Ratio is 1.94, which is 152% above median its 10-year median of 0.77 and 7.8% above the Manufacturing - Apparel & Accessories industry median of 1.80. Harikanta Overseas' overall GF Score™ is 18/100 with 2 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 Harikanta Overseas (BOM:544769), the current Current Ratio is 1.94 as of Mar. 2025. 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.
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
18GF Score
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