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Indsil Hydro Power & Manganese (BOM:522165) Quick Ratio : 3.80 (As of Sep. 2024)


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What is Indsil Hydro Power & Manganese 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. Indsil Hydro Power & Manganese's quick ratio for the quarter that ended in Sep. 2024 was 3.80.

Indsil Hydro Power & Manganese has a quick ratio of 3.80. It generally indicates good short-term financial strength.

The historical rank and industry rank for Indsil Hydro Power & Manganese's Quick Ratio or its related term are showing as below:

BOM:522165' s Quick Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.24   Max: 3.8
Current: 3.8

During the past 13 years, Indsil Hydro Power & Manganese's highest Quick Ratio was 3.80. The lowest was 0.10. And the median was 0.24.

BOM:522165's Quick Ratio is ranked better than
87.69% of 642 companies
in the Steel industry
Industry Median: 1.005 vs BOM:522165: 3.80

Indsil Hydro Power & Manganese Quick Ratio Historical Data

The historical data trend for Indsil Hydro Power & Manganese'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.

Indsil Hydro Power & Manganese Quick Ratio Chart

Indsil Hydro Power & Manganese Annual Data
Trend Jun15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.13 0.13 0.16 0.46

Indsil Hydro Power & Manganese Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 - 0.24 - 0.46 3.80

Competitive Comparison of Indsil Hydro Power & Manganese's Quick Ratio

For the Steel subindustry, Indsil Hydro Power & Manganese'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.


Indsil Hydro Power & Manganese's Quick Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Indsil Hydro Power & Manganese's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Indsil Hydro Power & Manganese's Quick Ratio falls into.



Indsil Hydro Power & Manganese 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.

Indsil Hydro Power & Manganese'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
=(1463.875-1132.036)/725.702
=0.46

Indsil Hydro Power & Manganese's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1459.072-1141.984)/83.471
=3.80

* 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.


Indsil Hydro Power & Manganese  (BOM:522165) 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.


Indsil Hydro Power & Manganese Quick Ratio Related Terms

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Indsil Hydro Power & Manganese Business Description

Traded in Other Exchanges
N/A
Address
Tiruvenkataswamy Road (West), Indsil House, Door No. 103-107 T.V. Samy, R.S. Puram, Coimbatore, TN, IND, 641 002
Indsil Hydro Power & Manganese Ltd is ) is engaged in manufacturing Low/Medium/High Carbon Silico Manganese - Key ingredients used in Steel and Stainless steel Industry. It operates in two segments: Smelter and Power, of which the majority of the revenue comes from the smelter segment. Its products include Ultra Low Carbon Silico Manganese, Low Carbon Silico Manganese, Ferro Silicon, and Ferro Chrome.

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