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. Filtra Consultants and Engineers's current ratio for the quarter that ended in Mar. 2022 was 1.98.
Filtra Consultants and Engineers has a current ratio of 1.98. It generally indicates good short-term financial strength.
The historical rank and industry rank for Filtra Consultants and Engineers's Current Ratio or its related term are showing as below:
BOM:539098'
s Current Ratio Range Over the Past 10 Years
Min: 1.62 Med: 1.89 Max: 2.35
Current: 2.35
During the past 9 years, Filtra Consultants and Engineers's highest Current Ratio was 2.35. The lowest was 1.62. And the median was 1.89.
BOM:539098's Current Ratio is ranked better than 61.65% of 2853
companies
in the Industrial Products industry
Industry Median: 1.96
vs BOM:539098: 2.35
Filtra Consultants and Engineers Current Ratio Historical Data
The historical data trend for Filtra Consultants and Engineers'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.
Filtra Consultants and Engineers Annual Data
Trend
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Current Ratio
1.62
1.84
1.89
1.98
2.35
Filtra Consultants and Engineers Semi-Annual Data
Sep14
Mar15
Sep15
Mar16
Sep16
Mar17
Sep17
Mar18
Sep18
Mar19
Sep19
Mar20
Sep20
Mar21
Sep21
Mar22
Mar23
Current Ratio
2.21
1.89
2.02
1.98
2.35
Competitive Comparison
For the Pollution & Treatment Controls subindustry, Filtra Consultants and Engineers'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.
Filtra Consultants and Engineers Current Ratio Distribution
For the Industrial Products industry and Industrials sector, Filtra Consultants and Engineers's Current Ratio distribution charts can be found below:
* The bar in red indicates where Filtra Consultants and Engineers's Current Ratio falls in comparison to its industry or sector. The grey bar indicates the Current Ratio's extreme value range as defined by GuruFocus.
Filtra Consultants and Engineers 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.
Filtra Consultants and Engineers'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.
Filtra Consultants and Engineers (BOM:539098) 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.
Filtra Consultants and Engineers Current Ratio Related Terms
Thank you for viewing the detailed overview of Filtra Consultants and Engineers's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Filtra Consultants and Engineers (BOM:539098) Business Description
Filtra Consultants and Engineers Ltd is an India based company engaged in the business of selling water treatment products and provides related services. It trades in water treatment products such as multiport valves, dosing systems, electronic dosing pumps, pressure vessels, conductivity meters, rotameters, among others. The company also has a business-to-business (B2B) e-commerce website for water treatment components. Its business activity falls under the primary segment of the Trading and manufacturing activity of the water treatment system. The organization sells its products in India and also exports them internationally.
Filtra Consultants and Engineers (BOM:539098) Headlines
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