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Nucleus Software Exports (BOM:531209) Quick Ratio : 1.24 (As of Sep. 2024)


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What is Nucleus Software Exports 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. Nucleus Software Exports's quick ratio for the quarter that ended in Sep. 2024 was 1.24.

Nucleus Software Exports has a quick ratio of 1.24. It generally indicates good short-term financial strength.

The historical rank and industry rank for Nucleus Software Exports's Quick Ratio or its related term are showing as below:

BOM:531209' s Quick Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.26   Max: 3.8
Current: 1.24

During the past 13 years, Nucleus Software Exports's highest Quick Ratio was 3.80. The lowest was 1.24. And the median was 2.26.

BOM:531209's Quick Ratio is ranked worse than
63.7% of 2824 companies
in the Software industry
Industry Median: 1.64 vs BOM:531209: 1.24

Nucleus Software Exports Quick Ratio Historical Data

The historical data trend for Nucleus Software Exports'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.

Nucleus Software Exports Quick Ratio Chart

Nucleus Software Exports 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 2.36 3.11 2.09 2.07 2.07

Nucleus Software Exports Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 2.26 - 2.07 - 1.24

Competitive Comparison of Nucleus Software Exports's Quick Ratio

For the Software - Application subindustry, Nucleus Software Exports'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.


Nucleus Software Exports's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Nucleus Software Exports's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Nucleus Software Exports's Quick Ratio falls into.



Nucleus Software Exports 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.

Nucleus Software Exports'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
=(6117.6-0)/2953.4
=2.07

Nucleus Software Exports'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
=(4657.7-0)/3759.7
=1.24

* 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.


Nucleus Software Exports  (BOM:531209) 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.


Nucleus Software Exports Quick Ratio Related Terms

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Nucleus Software Exports Business Description

Traded in Other Exchanges
Address
A-39, Sector 62, Noida, UP, IND, 201307
Nucleus Software Exports Ltd is a provider of lending and transaction banking products to the financial services industry. Its products are used by retail banking, corporate banking, cash management, internet banking, automotive finance, and other business areas. The company's key products include Finnone and Finnaxia. Geographical segments include India, Far East, South East Asia, Europe, the Middle East, Africa, Australia, and Others. The company derives the majority of its revenue from India. Its services include Professional Services, Application Services, and Managed Infrastructure Services.

Nucleus Software Exports Headlines

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