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TripBorn Current Ratio

: 0.28 (As of Dec. 2020)
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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. TripBorn's current ratio for the quarter that ended in Dec. 2020 was 0.28.

TripBorn has a current ratio of 0.28. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If TripBorn 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 TripBorn's Current Ratio or its related term are showing as below:


TripBorn Current Ratio Historical Data

The historical data trend for TripBorn'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.

TripBorn Annual Data
Trend Mar17 Mar18 Mar19 Mar20
Current Ratio
1.73 0.56 0.61 0.37

TripBorn Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.37 0.35 0.31 0.28

Competitive Comparison

For the Lodging subindustry, TripBorn'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.

   

TripBorn Current Ratio Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, TripBorn's Current Ratio distribution charts can be found below:

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



TripBorn 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.

TripBorn's Current Ratio for the fiscal year that ended in Mar. 2020

Current Ratio (A: Mar. 2020 )=Total Current Assets (A: Mar. 2020 )/Total Current Liabilities (A: Mar. 2020 )
=0.963/2.571
=0.37

TripBorn's Current Ratio for the quarter that ended in Dec. 2020 is calculated as

Current Ratio (Q: Dec. 2020 )=Total Current Assets (Q: Dec. 2020 )/Total Current Liabilities (Q: Dec. 2020 )
=0.693/2.494
=0.28

* 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.


TripBorn  (OTCPK:TRRB) 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.


TripBorn Current Ratio Related Terms

Thank you for viewing the detailed overview of TripBorn's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


TripBorn Business Description

TripBorn logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 721110 SIC : 7011
Traded in Other Exchanges
N/A
Address
762 Perthshire Pl, Near Prahalad Nagar Garden, Satellite, Abingdon, MD, USA, 21009
TripBorn Inc is an online travel agency. The company offers travel reservations and related travel services to travel agents in India. The company operate as a B2B online travel agency that serves travel agents and travel companies based in India in booking travel services and products for their customers. Through its internet-based platform, travel agents can search and book domestic and international air tickets, hotels, vacation packages, rail tickets and bus tickets, as well as ancillary travel-related services and e-commerce money transfer products. The company serves approximately 6,534 agents across India.
Executives
Maxim Partners Llc 10 percent owner C/O MAXIM GROUP LLC 99 SUNNYSIDE BLVD. WOODBURY NY 11797
Mjr Holdings Llc 10 percent owner C/O MAXIM GROUP LLC 99 SUNNYSIDE BLVD. WOODBURY NY 11797
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