Jayant Agro-Organics 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 Jayant Agro-Organics's Quick Ratio or its related term are showing as below:
BOM:524330'
s Quick Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.69 Max: 1.26
Current: 0.79
During the past 13 years, Jayant Agro-Organics's highest Quick Ratio was 1.26. The lowest was 0.45. And the median was 0.69.
BOM:524330's Quick Ratio is ranked worse than 76.65% of 1563
companies
in the Chemicals industry
Industry Median: 1.36
vs BOM:524330: 0.79
Jayant Agro-Organics Quick Ratio Historical Data
The historical data trend for Jayant Agro-Organics'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 Jayant Agro-Organics's Quick Ratio
For the Specialty Chemicals subindustry, Jayant Agro-Organics'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.
Jayant Agro-Organics's Quick Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Jayant Agro-Organics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jayant Agro-Organics'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.
Jayant Agro-Organics's Quick Ratio for the fiscal year that ended in Mar. 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.
Jayant Agro-Organics (BOM:524330) 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.
Jayant Agro-Organics Quick Ratio Related Terms
Thank you for viewing the detailed overview of Jayant Agro-Organics's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jayant Agro-Organics Ltd is an Indian company engaged in the manufacturing and trading of castor oil and its derivatives such as oleo chemicals. The company is involved in the business segments of Castor Oil, Derivatives, and Power Generation. Its products are used across geographies in a variety of industries. The company earns the majority of its revenue from the Derivatives segment which includes derivatives of castor oil used by manufacturers in cosmetics, electronics, lubricants, paints, pharma, textile, and other industries. Geographically, it derives a majority of its revenue from international markets through exports of its products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:524330 has been successfully added to your 