Schaeffler India has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Schaeffler India's Quick Ratio or its related term are showing as below:
BOM:505790'
s Quick Ratio Range Over the Past 10 Years
Min: 1.72 Med: 2.05 Max: 2.92
Current: 1.87
During the past 13 years, Schaeffler India's highest Quick Ratio was 2.92. The lowest was 1.72. And the median was 2.05.
BOM:505790's Quick Ratio is ranked better than 78.48% of 1315
companies
in the Vehicles & Parts industry
Industry Median: 1.05
vs BOM:505790: 1.87
Schaeffler India Quick Ratio Historical Data
The historical data trend for Schaeffler India's Quick 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.
Competitive Comparison of Schaeffler India's Quick Ratio
For the Auto Parts subindustry, Schaeffler India's Quick Ratio, along with its competitors' market caps and Quick 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.
Schaeffler India's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Schaeffler India's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Schaeffler India's Quick Ratio falls into.
Schaeffler India Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Schaeffler India's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Schaeffler India (BOM:505790) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Schaeffler India Quick Ratio Related Terms
Thank you for viewing the detailed overview of Schaeffler India's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Schaeffler India Ltd precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, the group is shaping mobility to a degree. It offers diverse services in the Automotive, Industrial, Automotive Aftermarket, and Export business segments. In addition, It provides training to key garage influencer groups and holds fleet workshops for the Automotive Aftermarket and Industrial distribution markets. Its client, emphasis on innovation, and superior distribution network enable it to grow and create value for stakeholders. It has reported segment information under two segments Mobility components and related solutions and Others.
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