SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'current_ratio'
Shreyans Industries (BOM:516016) 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. Shreyans Industries's current ratio for the quarter that ended in Dec. 2023 was 0.00.
Shreyans 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 Shreyans 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 Shreyans Industries's Current Ratio or its related term are showing as below:
BOM:516016'
s Current Ratio Range Over the Past 10 Years
Min: 0.94 Med: 1.36 Max: 2.21
Current: 2.21
During the past 13 years, Shreyans Industries's highest Current Ratio was 2.21. The lowest was 0.94. And the median was 1.36.
BOM:516016's Current Ratio is ranked better than 66.33% of 294
companies
in the Forest Products industry
Industry Median: 1.66
vs BOM:516016: 2.21
Shreyans Industries Current Ratio Historical Data
The historical data trend for Shreyans 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.
* Premium members only.
Shreyans Industries Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Current Ratio
1.69
1.47
1.42
1.29
1.84
Shreyans Industries Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Current Ratio
-
1.84
-
2.21
-
Competitive Comparison
For the Paper & Paper Products subindustry, Shreyans 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.
Shreyans Industries Current Ratio Distribution
For the Forest Products industry and Basic Materials sector, Shreyans Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Shreyans Industries's Current Ratio falls into.
Shreyans Industries 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.
Shreyans Industries's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Shreyans Industries (BOM:516016) 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.
Shreyans Industries Current Ratio Related Terms
Thank you for viewing the detailed overview of Shreyans Industries's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Shreyans Industries (BOM:516016) Business Description
Shreyans Industries Ltd is engaged in the manufacturing of writing and printing paper from Agricultural residues. The group has a business presence in India and Outside India, of which key revenue is derived from India. the Company's business activity falls within a single operating segment, namely manufacturing of Writing and Printing Paper The firm generates the majority of its revenue from the paper segment. the company has two products namely Shreyan's paper product and Shree Rishabh's paper product.
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