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Lancor Holdings (BOM:509048) Quick Ratio : 0.00 (As of Dec. 2024)


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What is Lancor Holdings Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Lancor Holdings's quick ratio for the quarter that ended in Dec. 2024 was 0.00.

Lancor Holdings 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 Lancor Holdings's Quick Ratio or its related term are showing as below:

BOM:509048' s Quick Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.24   Max: 0.77
Current: 0.51

During the past 13 years, Lancor Holdings's highest Quick Ratio was 0.77. The lowest was 0.10. And the median was 0.24.

BOM:509048's Quick Ratio is ranked worse than
65.53% of 1796 companies
in the Real Estate industry
Industry Median: 0.81 vs BOM:509048: 0.51

Lancor Holdings Quick Ratio Historical Data

The historical data trend for Lancor Holdings'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.

* Premium members only.

Lancor Holdings Quick Ratio Chart

Lancor Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.19 0.35 0.24 0.30

Lancor Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Quick Ratio Get a 7-Day Free Trial 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 - 0.30 - 0.51 -

Competitive Comparison of Lancor Holdings's Quick Ratio

For the Real Estate - Development subindustry, Lancor Holdings'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.


Lancor Holdings's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lancor Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Lancor Holdings's Quick Ratio falls into.


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Lancor Holdings 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.

Lancor Holdings's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2415.017-1967.939)/1481.805
=0.30

Lancor Holdings's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/0
=

* 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.


Lancor Holdings  (BOM:509048) 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.


Lancor Holdings Quick Ratio Related Terms

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Lancor Holdings Business Description

Traded in Other Exchanges
Address
Number 58, G.N. Chetty Road, Arihant VTN Square, 2nd Floor, T. Nagar, Chennai, TN, IND, 600017
Lancor Holdings Ltd operates as a property development company in India. The company is engaged in the construction and sale of residential and leasing of commercial properties. The company's business includes the development of residential, commercial, and allied activities like property rental, maintenance of property, and brokerage services to trade, sell and buy properties and lease properties. The Company derives revenue majorly from real estate activity. The company projects include Kiruba Cirrus, TCP Lakefront, Corner Stone, Lumina, Town & Country, Townsville, and others.

Lancor Holdings Headlines

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