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SPA Capital ServicesBOM:542376 +4.99%35 Quick Ratio is 93.38 as of Mar. 2026, which is 5700% above its 10-year median of 1.61. GuruFocus rates BOM:542376 with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 690 Capital Markets companies, SPA Capital Services ranks better than 93.48% on this metric.
SPA Capital Services (BOM:542376) 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.
SPA Capital Services Quick Ratio Related Terms
SPA Capital Services Quick Ratio Historical Data
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The historical data trend for SPA Capital Services'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.
BOM:542376 vs MS, GS, SCHW: Quick Ratio Comparison
For the Capital Markets subindustry, SPA Capital Services'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.
SPA Capital Services Quick Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SPA Capital Services's Quick Ratio distribution charts can be found below:
* The bar in red indicates where SPA Capital Services'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.
SPA Capital Services'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.
SPA Capital Services (BOM:542376) has a Quick Ratio of 93.38 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on SPA Capital Services and its competitors. This is 5700% above median its historical median of 1.61. Over the past decade, SPA Capital Services' Quick Ratio has ranged from 0.18 to 93.38. According to the industry distribution chart, SPA Capital Services ranks #45 out of 690 companies in the Capital Markets industry, placing it in the top 6.5%.
Is SPA Capital Services' Quick Ratio too high?
SPA Capital Services' current Quick Ratio of 93.38 is 5700% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 93.38. The Capital Markets industry median Quick Ratio is 2.10. SPA Capital Services' value of 93.38 is 4357.3% above this industry median. Based on the distribution chart, SPA Capital Services ranks #45 out of 690 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, SPA Capital Services has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does SPA Capital Services' Quick Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, SPA Capital Services ranks #45 out of 690 companies for Quick Ratio. This places SPA Capital Services in the top 7% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.10. SPA Capital Services' value of 93.38 is 4357.3% above this benchmark. Historically, SPA Capital Services' own Quick Ratio has ranged from 0.18 to 93.38 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 2.10, SPA Capital Services has consistently been above 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 Capital Markets company?
The median Quick Ratio among Capital Markets companies is 2.10, based on 690 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. SPA Capital Services's current Quick Ratio of 93.38 is 4357.3% above 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 SPA Capital Services and its competitors. For the Capital Markets industry, the median Quick Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPA Capital Services's current Quick Ratio is 93.38, which is 5700% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPA Capital Services stock overvalued right now?
SPA Capital Services (BOM:542376) has a current Quick Ratio of 93.38. The current Quick Ratio is 93.38, which is 5700% above median its 10-year median of 1.61 and 4357.3% above the Capital Markets industry median of 2.10. SPA Capital Services' overall GF Score™ is 35/100 with 2 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 SPA Capital Services (BOM:542376), the current Quick Ratio is 93.38 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.
SPA Capital Services Ltd operates in the business segment of Financial Services. It is a financial solutions provider in corporate finance and wealth management to Indian companies and high-net-worth individuals. The company offers services for investment management, wealth management, financial advisory, corporate finance, risk management, insurance broking, and others.
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