Afloat EnterprisesBOM:543377 +0.78%42 Quick Ratio is 9.37 as of Mar. 2026, which is 7% above its 10-year median of 8.75. GuruFocus rates BOM:543377 with a GF Score™ of 42/100 and a GF Value™ of ₹1.74 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 634 Steel companies, Afloat Enterprises ranks better than 95.27% on this metric.
Afloat Enterprises has a quick ratio of 9.37. It generally indicates good short-term financial strength.
The historical rank and industry rank for Afloat Enterprises's Quick Ratio or its related term are showing as below:
BOM:543377'
s Quick Ratio Range Over the Past 10 Years
Min: 1.47 Med: 8.75 Max: 91.04
Current: 9.37
During the past 8 years, Afloat Enterprises's highest Quick Ratio was 91.04. The lowest was 1.47. And the median was 8.75.
BOM:543377's Quick Ratio is ranked better than 95.27% of 634
companies
in the Steel industry
Industry Median: 1.02
vs BOM:543377: 9.37
Afloat Enterprises (BOM:543377) 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.
Afloat Enterprises Quick Ratio Related Terms
Afloat Enterprises Quick Ratio Historical Data
* Premium members only.
The historical data trend for Afloat Enterprises'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:543377 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Afloat Enterprises'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.
Afloat Enterprises Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Afloat Enterprises's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Afloat Enterprises'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.
Afloat Enterprises'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.
Afloat Enterprises (BOM:543377) has a Quick Ratio of 9.37 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Afloat Enterprises and its competitors. This is near median its historical median of 8.75. Over the past decade, Afloat Enterprises' Quick Ratio has ranged from 1.47 to 91.04. According to the industry distribution chart, Afloat Enterprises ranks #30 out of 634 companies in the Steel industry, placing it in the top 4.7%.
Is Afloat Enterprises' Quick Ratio too high?
Afloat Enterprises' current Quick Ratio of 9.37 is near median its 10-year median of 8.75. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 91.04. The Steel industry median Quick Ratio is 1.02. Afloat Enterprises' value of 9.37 is 818.6% above this industry median. Based on the distribution chart, Afloat Enterprises ranks #30 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Afloat Enterprises has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Afloat Enterprises' Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Afloat Enterprises ranks #30 out of 634 companies for Quick Ratio. This places Afloat Enterprises in the top 5% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.02. Afloat Enterprises' value of 9.37 is 818.6% above this benchmark. Historically, Afloat Enterprises' own Quick Ratio has ranged from 1.47 to 91.04 over the past decade. While the company's 10-year median is 8.75 vs. the industry median of 1.02, Afloat Enterprises 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 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. Afloat Enterprises's current Quick Ratio of 9.37 is 818.6% 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 Afloat Enterprises 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. Afloat Enterprises's current Quick Ratio is 9.37, which is near median its own 10-year median of 8.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afloat Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Afloat Enterprises (BOM:543377) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.74, compared to a current price of ₹12.95 — trading 644.3% above its estimated fair value. The current Quick Ratio is 9.37, which is near median its 10-year median of 8.75 and 818.6% above the Steel industry median of 1.02. Afloat Enterprises' overall GF Score™ is 42/100 with 8 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 Afloat Enterprises (BOM:543377), the current Quick Ratio is 9.37 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.
Is Afloat Enterprises (BOM:543377) Overvalued in 2026?
Based on GuruFocus' analysis, Afloat Enterprises stock appears to be overvalued.
The current stock price of ₹12.95 is trading 644.3% above its estimated GF Value™ of ₹1.74.
GuruFocus considers Afloat Enterprises to be Significantly Overvalued.
Key valuation signals for BOM:543377:
Quick Ratio: 9.37 (near median its 10-year median of 8.75)
GF Value™: ₹1.74 vs. price of ₹12.95 (644.3% above fair value)
Industry Position: 818.6% above the Steel median (#30 of 634)
No single metric tells the full story. See the BOM:543377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afloat Enterprises Ltd operates in the trading of metals, with a core focus on iron and steel products. The company's business activities include the manufacture, production, procurement, conversion, sale, and trading of various iron and steel items such as tin plates, ETP sheets, and stainless products. Additionally, it deals in commodities like diamonds, gold, wheat, rice, and oils, engaging in trading both within India and internationally. The company generates revenue prominently from its metal trading operations and commodities trading. Its operations are majorly based in India, serving various industrial and commodity markets across the country and abroad.
42GF Score
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