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Krishca Strapping Solutions (NSE:KRISHCA) Current Ratio : 2.71 (As of Sep. 2024)


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What is Krishca Strapping Solutions Current Ratio?

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. Krishca Strapping Solutions's current ratio for the quarter that ended in Sep. 2024 was 2.71.

Krishca Strapping Solutions has a current ratio of 2.71. It generally indicates good short-term financial strength.

The historical rank and industry rank for Krishca Strapping Solutions's Current Ratio or its related term are showing as below:

NSE:KRISHCA' s Current Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.16   Max: 2.71
Current: 2.71

During the past 5 years, Krishca Strapping Solutions's highest Current Ratio was 2.71. The lowest was 0.45. And the median was 1.16.

NSE:KRISHCA's Current Ratio is ranked better than
76.3% of 405 companies
in the Packaging & Containers industry
Industry Median: 1.74 vs NSE:KRISHCA: 2.71

Krishca Strapping Solutions Current Ratio Historical Data

The historical data trend for Krishca Strapping Solutions'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.

* Premium members only.

Krishca Strapping Solutions Current Ratio Chart

Krishca Strapping Solutions Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Current Ratio
0.45 0.78 1.16 1.06 1.48

Krishca Strapping Solutions Quarterly Data
Mar20 Mar21 Mar22 Mar23 Sep23 Dec23 Mar24 Sep24
Current Ratio Get a 7-Day Free Trial 1.06 2.25 - 1.48 2.71

Competitive Comparison of Krishca Strapping Solutions's Current Ratio

For the Packaging & Containers subindustry, Krishca Strapping Solutions'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.


Krishca Strapping Solutions's Current Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Krishca Strapping Solutions's Current Ratio distribution charts can be found below:

* The bar in red indicates where Krishca Strapping Solutions's Current Ratio falls into.



Krishca Strapping Solutions Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Krishca Strapping Solutions's Current Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Current Ratio (A: Mar. 2024 )=Total Current Assets (A: Mar. 2024 )/Total Current Liabilities (A: Mar. 2024 )
=499.571/337.273
=1.48

Krishca Strapping Solutions's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=1330.752/491.2
=2.71

* 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.


Krishca Strapping Solutions  (NSE:KRISHCA) 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.


Krishca Strapping Solutions Current Ratio Related Terms

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Krishca Strapping Solutions Business Description

Traded in Other Exchanges
N/A
Address
Logos Mappedu Industrial and Logistics Park, Building 01B, Mappedu, Thiruvallur District, Chennai, TN, IND, 631 203
Krishca Strapping Solutions Ltd manufactures steel straps, and seals, and provides total packaging solutions. The Company has manufacturing facilities in India and majorly caters to the Indian Market with some export operations to countries in the Middle East. Its products include Steel Straps, Steel Seals, Tarpaulin, Dunnage Air Bag, Cord Strap, Lashing Belt, and Desiccant.

Krishca Strapping Solutions Headlines

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