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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. Debock Industries's current ratio for the quarter that ended in Mar. 2024 was 3.42.
Debock Industries has a current ratio of 3.42. 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 Debock Industries's Current Ratio or its related term are showing as below:
NSE:DIL's Current Ratio is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 1.76 * Ranked among companies with meaningful Current Ratio only.
Debock Industries (NSE:DIL) 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.
Debock Industries Current Ratio Related Terms
Debock Industries Current Ratio Historical Data
* Premium members only.
The historical data trend for Debock Industries'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.
NSE:DIL vs CAT, DE, PCAR: Current Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Debock Industries'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.
Debock Industries Current Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Debock Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Debock Industries'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.
Debock Industries (NSE:DIL) has a Current Ratio of 3.42 as of Mar. 2024.
Is Debock Industries' Current Ratio too high?
Debock Industries' current Current Ratio is 3.42. The Farm & Heavy Construction Machinery industry median Current Ratio is 1.76. Debock Industries' value of 3.42 is 94.3% above this industry median. Overall, Debock Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Debock Industries' Current Ratio compare to CAT and DE?
Debock Industries' Current Ratio of 3.42 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Current Ratio is 1.76. Debock Industries' value of 3.42 is 94.3% above this benchmark. 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 Farm & Heavy Construction Machinery company?
The median Current Ratio among Farm & Heavy Construction Machinery companies is 1.76, based on 211 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. Debock Industries's current Current Ratio of 3.42 is 94.3% 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 Farm & Heavy Construction Machinery industry, the median Current Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Debock Industries's current Current Ratio is 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Debock Industries stock overvalued right now?
Debock Industries (NSE:DIL) has a current Current Ratio of 3.42. The current Current Ratio is 3.42 and 94.3% above the Farm & Heavy Construction Machinery industry median of 1.76. Debock Industries' overall GF Score™ is 4/100. 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 Debock Industries (NSE:DIL), the current Current Ratio is 3.42 as of Mar. 2024. 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.
Debock Industries Ltd manufacturer and suppliers of range of agricultural equipment mainly Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters etc. The company is also engaged in the hospitality services. It also includes products such as Ataborn, Green Verticill, Debock, Organeem, Triguard, Neem Oil, Royal Shakti, Perfect Super, ZCH 502 Super King BGII, Debock, Hybrid Paddy Seeds, F1- Cucumber and Dhaniya Coriander Seed.
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