India Shelter Finance has a quick ratio of 711.70. It generally indicates good short-term financial strength.
The historical rank and industry rank for India Shelter Finance's Quick Ratio or its related term are showing as below:
BOM:544044'
s Quick Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.87 Max: 711.7
Current: 711.7
During the past 4 years, India Shelter Finance's highest Quick Ratio was 711.70. The lowest was 0.39. And the median was 0.87.
BOM:544044's Quick Ratio is ranked better than 91.67% of 48
companies
in the Banks industry
Industry Median: 4.18
vs BOM:544044: 711.70
India Shelter Finance Quick Ratio Historical Data
The historical data trend for India Shelter 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.
Competitive Comparison of India Shelter Finance's Quick Ratio
For the Mortgage Finance subindustry, India Shelter 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.
India Shelter Finance's Quick Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, India Shelter Finance's Quick Ratio distribution charts can be found below:
* The bar in red indicates where India Shelter Finance's Quick Ratio falls into.
India Shelter 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.
India Shelter Finance'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.
India Shelter Finance (BOM:544044) 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.
India Shelter Finance Quick Ratio Related Terms
Thank you for viewing the detailed overview of India Shelter Finance's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
India Shelter Finance Corporation Ltd is a retail-focused affordable housing finance company. It provides housing loans and loans against properties in India and aims self-employed customers with a focus on first time home loan takers in the low and middle income group in Tier II and Tier III cities in India and has a network of 183 branches spread across 15 states that include Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Gujarat, etc. It has a single business segment which is providing housing loans and loans against properties in India only.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:544044 has been successfully added to your 