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. Advik Capital's quick ratio for the quarter that ended in Sep. 2024 was 37.81.
Advik Capital has a quick ratio of 37.81. It generally indicates good short-term financial strength.
The historical rank and industry rank for Advik Capital's Quick Ratio or its related term are showing as below:
BOM:539773'
s Quick Ratio Range Over the Past 10 Years
Min: 1.34 Med: 6.52 Max: 202.1
Current: 37.81
During the past 13 years, Advik Capital's highest Quick Ratio was 202.10. The lowest was 1.34. And the median was 6.52.
BOM:539773's Quick Ratio is ranked better than 71.99% of 382
companies
in the Credit Services industry
Industry Median: 3.985
vs BOM:539773: 37.81
Advik Capital Quick Ratio Historical Data
The historical data trend for Advik Capital'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 Advik Capital's Quick Ratio
For the Credit Services subindustry, Advik Capital'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.
Advik Capital's Quick Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Advik Capital's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Advik Capital's Quick Ratio falls into.
Advik Capital 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.
Advik Capital'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.
Advik Capital (BOM:539773) 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.
Advik Capital Quick Ratio Related Terms
Thank you for viewing the detailed overview of Advik Capital's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Advik Capital Ltd is a non-banking finance company (NBFC). The company is carrying on the business of investing funds, assisting the financial accommodation by way of loans/advances to industrial concerns, and undertaking the business of leasing and financing lease operations of all kinds, purchasing, selling, and hiring of plant and machinery. The company operates in two reportable segments: Financing and Trade in securities. The company derives its majority of revenues from financing activities. It operates only in India.
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