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Decillion Finance (BOM:539190) Quick Ratio : 19.99 (As of Sep. 2024)


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What is Decillion Finance 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. Decillion Finance's quick ratio for the quarter that ended in Sep. 2024 was 19.99.

Decillion Finance has a quick ratio of 19.99. It generally indicates good short-term financial strength.

The historical rank and industry rank for Decillion Finance's Quick Ratio or its related term are showing as below:

BOM:539190' s Quick Ratio Range Over the Past 10 Years
Min: 9.9   Med: 17.77   Max: 1690.8
Current: 19.99

During the past 10 years, Decillion Finance's highest Quick Ratio was 1690.80. The lowest was 9.90. And the median was 17.77.

BOM:539190's Quick Ratio is ranked better than
86.02% of 658 companies
in the Capital Markets industry
Industry Median: 1.99 vs BOM:539190: 19.99

Decillion Finance Quick Ratio Historical Data

The historical data trend for Decillion Finance'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.

Decillion Finance Quick Ratio Chart

Decillion Finance 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 437.31 990.81 13.64 15.57 9.90

Decillion Finance 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 184.12 - 9.90 - 19.99

Competitive Comparison of Decillion Finance's Quick Ratio

For the Capital Markets subindustry, Decillion Finance'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.


Decillion Finance's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Decillion Finance's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Decillion Finance's Quick Ratio falls into.



Decillion Finance 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.

Decillion Finance'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
=(131.55-0)/13.285
=9.90

Decillion Finance'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
=(124.944-0)/6.25
=19.99

* 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.


Decillion Finance  (BOM:539190) 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.


Decillion Finance Quick Ratio Related Terms

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Decillion Finance Business Description

Traded in Other Exchanges
N/A
Address
3 Bentinck Street, Jajodia Tower, 4th Floor, Room No. D-8, Kolkata, WB, IND, 700001
Decillion Finance Ltd is an Indian based non-banking financial company. It is engaged in the business of providing loans and advances, investment in shares of other companies. In addition, it is also involved in investing in shares and securities, and other financial instruments. The company receives maximum revenue from the interest income.

Decillion Finance Headlines

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