Mideast Integrated Steels has a quick ratio of 0.49. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Mideast Integrated Steels's Quick Ratio or its related term are showing as below:
BOM:540744'
s Quick Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.28 Max: 0.96
Current: 0.49
During the past 13 years, Mideast Integrated Steels's highest Quick Ratio was 0.96. The lowest was 0.19. And the median was 0.28.
BOM:540744's Quick Ratio is not ranked
in the Steel industry.
Industry Median: 1.02
vs BOM:540744: 0.49
Mideast Integrated Steels (BOM:540744) 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.
Mideast Integrated Steels Quick Ratio Related Terms
Mideast Integrated Steels Quick Ratio Historical Data
* 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.
Mideast Integrated Steels Quick Ratio Competitor Comparison
For the Steel subindustry, Mideast Integrated Steels'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.
Mideast Integrated Steels Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mideast Integrated Steels's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mideast Integrated Steels'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.
Mideast Integrated Steels's Quick Ratio for the fiscal year that ended in Mar. 2026 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.
Mideast Integrated Steels (BOM:540744) has a Quick Ratio of 0.49 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mideast Integrated Steels and its competitors. This is 75% above median its historical median of 0.28. Over the past decade, Mideast Integrated Steels' Quick Ratio has ranged from 0.19 to 0.96.
Is Mideast Integrated Steels' Quick Ratio too high?
Mideast Integrated Steels' current Quick Ratio of 0.49 is 75% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.96. The Steel industry median Quick Ratio is 1.02. Mideast Integrated Steels' value of 0.49 is 52% below this industry median. Overall, Mideast Integrated Steels has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Mideast Integrated Steels' Quick Ratio compare to competitors?
Mideast Integrated Steels' Quick Ratio of 0.49 can be compared against companies in the Steel industry. The industry median Quick Ratio is 1.02. Mideast Integrated Steels' value of 0.49 is 52% below this benchmark. Historically, Mideast Integrated Steels' own Quick Ratio has ranged from 0.19 to 0.96 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.02, Mideast Integrated Steels has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mideast Integrated Steels's current Quick Ratio of 0.49 is 52% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mideast Integrated Steels and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mideast Integrated Steels's current Quick Ratio is 0.49, which is 75% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mideast Integrated Steels stock overvalued right now?
Mideast Integrated Steels (BOM:540744) has a current Quick Ratio of 0.49. The current Quick Ratio is 0.49, which is 75% above median its 10-year median of 0.28 and 52% below the Steel industry median of 1.02. Mideast Integrated Steels' overall GF Score™ is 4/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Mideast Integrated Steels (BOM:540744), the current Quick Ratio is 0.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mideast Integrated Steels Ltd is engaged in the business of the extraction of iron ore. The company operates through a single segment, namely the Iron and Steel business. It manufactures various products such as pig iron scrap, including plates, fines, and boulders, iron ore calibrated lump ores consisting of iron ore fines and screened lump, coke breeze, granulated slag, and lime slurry. In addition, it also offers repair services.
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