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Bansal Wire Industries (BOM:544209) 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.
Bansal Wire Industries Quick Ratio Related Terms
Bansal Wire Industries 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.
BOM:544209 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Bansal Wire Industries'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.
Bansal Wire Industries Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Bansal Wire Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bansal Wire Industries'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.
Bansal Wire Industries'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.
Bansal Wire Industries (BOM:544209) has a Quick Ratio of 0.00 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Bansal Wire Industries and its competitors. Over the past decade, Bansal Wire Industries' Quick Ratio has ranged from 0.84 to 1.85. According to the industry distribution chart, Bansal Wire Industries ranks #371 out of 634 companies in the Steel industry, placing it in the top 58.5%.
Is Bansal Wire Industries' Quick Ratio too high?
Bansal Wire Industries' current Quick Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.85. Based on the distribution chart, Bansal Wire Industries ranks #371 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Bansal Wire Industries has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Bansal Wire Industries' Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Bansal Wire Industries ranks #371 out of 634 companies for Quick Ratio. This places Bansal Wire Industries in the lower half of its industry. The industry median Quick Ratio is 1.01. Historically, Bansal Wire Industries' own Quick Ratio has ranged from 0.84 to 1.85 over the past decade. 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 1.01, 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. 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 Bansal Wire Industries and its competitors. For the Steel industry, the median Quick Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bansal Wire Industries's current Quick Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bansal Wire Industries stock overvalued right now?
Bansal Wire Industries (BOM:544209) has a current Quick Ratio of 0.00. The current Quick Ratio is 0.00. Bansal Wire Industries' overall GF Score™ is 45/100 with 3 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 Bansal Wire Industries (BOM:544209), the current Quick Ratio is 0.00 as of Jun. 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.
Bansal Wire Industries Ltd is a stainless steel wire manufacturing company. Its products include high-carbon steel wire, mild steel wire (low-carbon steel wire), and stainless steel wire. The company has two reporting segments; Manufacturing & Sales and Job Work. Key revenue is generated from the Manufacturing & Sales segment.
45GF Score
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