Bhageria Industries 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 Bhageria Industries's Quick Ratio or its related term are showing as below:
BOM:530803'
s Quick Ratio Range Over the Past 10 Years
Min: 0.84 Med: 1.82 Max: 3.24
Current: 2.51
During the past 13 years, Bhageria Industries's highest Quick Ratio was 3.24. The lowest was 0.84. And the median was 1.82.
BOM:530803's Quick Ratio is ranked better than 74.98% of 1563
companies
in the Chemicals industry
Industry Median: 1.36
vs BOM:530803: 2.51
Bhageria Industries Quick Ratio Historical Data
The historical data trend for Bhageria Industries'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 Bhageria Industries's Quick Ratio
For the Specialty Chemicals subindustry, Bhageria Industries'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.
Bhageria Industries's Quick Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Bhageria Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bhageria Industries'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.
Bhageria Industries'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.
Bhageria Industries (BOM:530803) 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.
Bhageria Industries Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bhageria Industries's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bhageria Industries Ltd is engaged in the manufacturing and trading of Dyes and Dyes Intermediate, generation and distribution of solar power, and also functions as an Engineering, Procurement and Construction (EPC) contractor. The company's primary business segments include Chemical, Solar Power, and Others. A majority of its revenue is generated from the Chemicals segment which is engaged in the business of dyes, dyes intermediates, and basic chemicals. Geographically, the company derives its key revenue within India and also exports its products to other countries like Korea, Japan, Taiwan, China, Germany, Indonesia, Thailand, and others.
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