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. Greenchef Appliances's current ratio for the quarter that ended in Mar. 2024 was 1.45.
Greenchef Appliances has a current ratio of 1.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Greenchef Appliances's Current Ratio or its related term are showing as below:
NSE:GREENCHEF'
s Current Ratio Range Over the Past 10 Years
Min: 1.45 Med: 1.59 Max: 2.15
Current: 1.45
During the past 5 years, Greenchef Appliances's highest Current Ratio was 2.15. The lowest was 1.45. And the median was 1.59.
NSE:GREENCHEF's Current Ratio is ranked worse than 64.45% of 436
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.81
vs NSE:GREENCHEF: 1.45
Greenchef Appliances Current Ratio Historical Data
The historical data trend for Greenchef Appliances'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.
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Greenchef Appliances Current Ratio Chart
Greenchef Appliances Annual Data
Trend
Mar20
Mar21
Mar22
Mar23
Mar24
Current Ratio
2.15
2.10
1.59
1.48
1.45
Greenchef Appliances Semi-Annual Data
Mar20
Mar21
Mar22
Mar23
Mar24
Current Ratio
2.15
2.10
1.59
1.48
1.45
Competitive Comparison of Greenchef Appliances's Current Ratio
For the Furnishings, Fixtures & Appliances subindustry, Greenchef Appliances'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.
Greenchef Appliances's Current Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenchef Appliances's Current Ratio distribution charts can be found below:
* The bar in red indicates where Greenchef Appliances'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.
Greenchef Appliances (NSE:GREENCHEF) 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.
Greenchef Appliances Current Ratio Related Terms
Thank you for viewing the detailed overview of Greenchef Appliances's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenchef Appliances Ltd is engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. The kitchen appliances of the company include a wide range of solutions comprising Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick Cookwares like Tawa, Fry Pans, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty, etc, Kettles, Hose Pipes, Gas Cylinder Trolley and others. The products of the company are offered at different pricing points to meet diverse customer requirements.
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