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. Ludlow Jute & Specialities's current ratio for the quarter that ended in Dec. 2023 was 0.00.
Ludlow Jute & Specialities 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 Ludlow Jute & Specialities 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 Ludlow Jute & Specialities's Current Ratio or its related term are showing as below:
BOM:526179'
s Current Ratio Range Over the Past 10 Years
Min: 1.06 Med: 1.17 Max: 1.28
Current: 1.06
During the past 13 years, Ludlow Jute & Specialities's highest Current Ratio was 1.28. The lowest was 1.06. And the median was 1.17.
BOM:526179's Current Ratio is ranked worse than 80.72% of 1084
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.64
vs BOM:526179: 1.06
Ludlow Jute & Specialities 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 Ludlow Jute & Specialities's Current Ratio
For the Textile Manufacturing subindustry, Ludlow Jute & Specialities'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.
Ludlow Jute & Specialities's Current Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ludlow Jute & Specialities's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ludlow Jute & Specialities's Current Ratio falls into.
Ludlow Jute & Specialities 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.
* 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.
Ludlow Jute & Specialities (BOM:526179) 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.
Ludlow Jute & Specialities Current Ratio Related Terms
Thank you for viewing the detailed overview of Ludlow Jute & Specialities's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ludlow Jute & Specialities (BOM:526179) Business Description
Ludlow Jute & Specialities Ltd is an India-based company, which offers jute goods. The company operates in the segment of manufacturing and sale of Jute Goods. It offers products such as Jute yarn, Hessian cloth, and Food grade bags; Jute geotextiles, such as Soil saver (Jute mesh), woven and nonwoven, and diversified products, such as Jute felt/nonwoven, Jute canvas, Leno/scrim cloth, and Decorative hessian fabric. The company primarily operates in India. It also offers its products in the Overseas market.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:526179 has been successfully added to your 