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Janus (BOM:542924) Current Ratio

: 8.26 (As of Sep. 2023)
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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. Janus's current ratio for the quarter that ended in Sep. 2023 was 8.26.

Janus has a current ratio of 8.26. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

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

BOM:542924' s Current Ratio Range Over the Past 10 Years
Min: 2.05   Med: 5.18   Max: 8.26
Current: 8.26

During the past 6 years, Janus's highest Current Ratio was 8.26. The lowest was 2.05. And the median was 5.18.

BOM:542924's Current Ratio is ranked better than
95.29% of 382 companies
in the Building Materials industry
Industry Median: 1.46 vs BOM:542924: 8.26

Janus Current Ratio Historical Data

The historical data trend for Janus'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.

Janus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Current Ratio
Premium Member Only 2.35 2.05 6.51 5.05 4.14

Janus Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Sep23
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.05 5.30 4.14 7.06 8.26

Competitive Comparison

For the Building Materials subindustry, Janus'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.


Janus Current Ratio Distribution

For the Building Materials industry and Basic Materials sector, Janus's Current Ratio distribution charts can be found below:

* The bar in red indicates where Janus's Current Ratio falls into.



Janus 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.

Janus's Current Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Current Ratio (A: Mar. 2022 )=Total Current Assets (A: Mar. 2022 )/Total Current Liabilities (A: Mar. 2022 )
=167.293/40.42
=4.14

Janus's Current Ratio for the quarter that ended in Sep. 2023 is calculated as

Current Ratio (Q: Sep. 2023 )=Total Current Assets (Q: Sep. 2023 )/Total Current Liabilities (Q: Sep. 2023 )
=73.775/8.934
=8.26

* 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.


Janus  (BOM:542924) 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.


Janus Current Ratio Related Terms

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Janus (BOM:542924) Business Description

Traded in Other Exchanges
N/A
Address
M Sunderji Road, B-704, Prakriti Apartments, K K W Mill Compound, Thane (West), Thane, MH, IND, 400053
Janus Corp Ltd is engaged in the provision of civil construction, land and site development, landfilling, fencing walls, erection of hoardings, and in the trading of various construction related materials such as cement, iron & steel, sand, soil, aluminum. It is also engaged in Media and Consulting, hospitality support services, and trading of agro products.

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