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Iconik Sports and Events (BOM:511260) 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.
Iconik Sports and Events Quick Ratio Related Terms
Iconik Sports and Events Quick Ratio Historical Data
* 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.
BOM:511260 vs IBM, ACN, FISV: Quick Ratio Comparison
For the Information Technology Services subindustry, Iconik Sports and Events'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.
Iconik Sports and Events Quick Ratio vs Software Industry
For the Software industry and Technology sector, Iconik Sports and Events's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Iconik Sports and Events's Quick Ratio falls into.
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.
Iconik Sports and Events's Quick Ratio for the fiscal year that ended in Mar. 2026 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.
Iconik Sports and Events (BOM:511260) has a Quick Ratio of 3.19 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Iconik Sports and Events and its competitors. This is 289% above median its historical median of 0.82. Over the past decade, Iconik Sports and Events' Quick Ratio has ranged from 0.08 to 4.83. According to the industry distribution chart, Iconik Sports and Events ranks #683 out of 2875 companies in the Software industry, placing it in the top 23.8%.
Is Iconik Sports and Events' Quick Ratio too high?
Iconik Sports and Events' current Quick Ratio of 3.19 is 289% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 4.83. The Software industry median Quick Ratio is 1.68. Iconik Sports and Events' value of 3.19 is 89.9% above this industry median. Based on the distribution chart, Iconik Sports and Events ranks #683 out of 2875 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Iconik Sports and Events has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Iconik Sports and Events' Quick Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Iconik Sports and Events ranks #683 out of 2875 companies for Quick Ratio. This places Iconik Sports and Events in the top 24% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.68. Iconik Sports and Events' value of 3.19 is 89.9% above this benchmark. Historically, Iconik Sports and Events' own Quick Ratio has ranged from 0.08 to 4.83 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.68, Iconik Sports and Events has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.68, based on 2,875 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iconik Sports and Events's current Quick Ratio of 3.19 is 89.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Iconik Sports and Events and its competitors. For the Software industry, the median Quick Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iconik Sports and Events's current Quick Ratio is 3.19, which is 289% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iconik Sports and Events stock overvalued right now?
Based on GuruFocus' analysis, Iconik Sports and Events (BOM:511260) is currently considered Possible Value Trap. The stock's GF Value™ is ₹195.88, compared to a current price of ₹37.55 — trading 80.8% below its estimated fair value. The current Quick Ratio is 3.19, which is 289% above median its 10-year median of 0.82 and 89.9% above the Software industry median of 1.68. Iconik Sports and Events' overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Iconik Sports and Events (BOM:511260), the current Quick Ratio is 3.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Iconik Sports and Events (BOM:511260) Overvalued in 2026?
Based on GuruFocus' analysis, Iconik Sports and Events stock appears to be undervalued.
The current stock price of ₹37.55 is trading 80.8% below its estimated GF Value™ of ₹195.88.
GuruFocus considers Iconik Sports and Events to be Possible Value Trap.
Key valuation signals for BOM:511260:
Quick Ratio: 3.19 (289% above median its 10-year median of 0.82)
GF Value™: ₹195.88 vs. price of ₹37.55 (80.8% below fair value)
Industry Position: 89.9% above the Software median (#683 of 2875)
No single metric tells the full story. See the BOM:511260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iconik Sports and Events Ltd foremrly, ID Info Business Services Ltd is engaged in information technology and business consultancy services, offering payment, end-to-end digital KYC, and e-KYC solutions for banks, telcos, insurance institutions, and government organizations.
52GF Score
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