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. Jayaswal NECO Industries's current ratio for the quarter that ended in Dec. 2024 was 0.00.
Jayaswal NECO Industries has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Jayaswal NECO Industries has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Jayaswal NECO Industries's Current Ratio or its related term are showing as below:
NSE:JAYNECOIND'
s Current Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.57 Max: 3.22
Current: 2.42
During the past 13 years, Jayaswal NECO Industries's highest Current Ratio was 3.22. The lowest was 0.25. And the median was 0.57.
NSE:JAYNECOIND's Current Ratio is ranked better than 69.36% of 643
companies
in the Steel industry
Industry Median: 1.67
vs NSE:JAYNECOIND: 2.42
Jayaswal NECO Industries 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.
Competitive Comparison of Jayaswal NECO Industries's Current Ratio
For the Steel subindustry, Jayaswal NECO 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.
Jayaswal NECO Industries's Current Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Jayaswal NECO Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Jayaswal NECO 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.
Jayaswal NECO Industries (NSE:JAYNECOIND) 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.
Jayaswal NECO Industries Current Ratio Related Terms
Thank you for viewing the detailed overview of Jayaswal NECO Industries's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jayaswal NECO Industries Ltd is engaged in the manufacture and supply of pig iron, sponge iron, pellet, steel, and Iron and steel casting. It specializes in the manufacture and supply of graded steels made in the form of billets, blooms and slabs from virgin metal. The company supplies steel in cast, rolled, wire, annealed, and bright bar forms catering to the demands of various engineering, industrial, construction, automotive, power, and railway industries. Its product-wise operating segments are Steel which derives key revenue, Iron and Steel Castings, and Others. Geographically, the company caters to both Indian and international markets of which, a majority of its revenue is generated from its business in India.
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