Icodex Publishing Solutions (BOM:544483) Quick Ratio: 2.70 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544483 Icodex Publishing Solutions Ltd BOM:544483
22 GF Score
Price ₹36.69
! 4 Warning Signs
View Full Analysis

What is Icodex Publishing Solutions Quick Ratio?

Icodex Publishing Solutions BOM:544483 -5.17% 22 Quick Ratio is 2.70 as of Mar. 2026, which is 9% above its 10-year median of 2.47. GuruFocus rates BOM:544483 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 2,875 Software companies, Icodex Publishing Solutions ranks better than 70.57% on this metric.

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Icodex Publishing Solutions's quick ratio for the quarter that ended in Mar. 2026 was 2.70.

Icodex Publishing Solutions has a quick ratio of 2.70. It generally indicates good short-term financial strength.

The historical rank and industry rank for Icodex Publishing Solutions's Quick Ratio or its related term are showing as below:

BOM:544483' s Quick Ratio Range Over the Past 10 Years
Min: 2.03   Med: 2.47   Max: 2.7
Current: 2.7

During the past 5 years, Icodex Publishing Solutions's highest Quick Ratio was 2.70. The lowest was 2.03. And the median was 2.47.

BOM:544483's Quick Ratio is ranked better than
70.57% of 2875 companies
in the Software industry
Industry Median: 1.68 vs BOM:544483: 2.70

Icodex Publishing Solutions  (BOM:544483) 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.


Icodex Publishing Solutions Quick Ratio Related Terms


Icodex Publishing Solutions Quick Ratio Historical Data

* Premium members only.

The historical data trend for Icodex Publishing Solutions'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.

Icodex Publishing Solutions Quick Ratio Chart

Icodex Publishing Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Quick Ratio
2.10 2.47 2.58 2.03 2.70

Icodex Publishing Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Quick Ratio Get a 7-Day Free Trial 2.58 3.65 2.03 4.44 2.70

BOM:544483 vs QH, SHOP, UBER: Quick Ratio Comparison

For the Software - Application subindustry, Icodex Publishing Solutions'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.


Icodex Publishing Solutions Quick Ratio vs Software Industry

For the Software industry and Technology sector, Icodex Publishing Solutions's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Icodex Publishing Solutions's Quick Ratio falls into.


BOM:544483
22GF Score
Icodex Publishing Solutions Ltd BOM:544483
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Icodex Publishing Solutions 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.

Icodex Publishing Solutions's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Quick Ratio (A: Mar. 2026 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(255.002-0)/94.596
=2.70

Icodex Publishing Solutions's Quick Ratio for the quarter that ended in Mar. 2026 is calculated as

Quick Ratio (Q: Mar. 2026 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(255.002-0)/94.596
=2.70

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 2.70 mean?
Icodex Publishing Solutions (BOM:544483) has a Quick Ratio of 2.70 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Icodex Publishing Solutions and its competitors. This is near median its historical median of 2.47. Over the past decade, Icodex Publishing Solutions' Quick Ratio has ranged from 2.03 to 2.70. According to the industry distribution chart, Icodex Publishing Solutions ranks #846 out of 2875 companies in the Software industry, placing it in the top 29.4%.
Is Icodex Publishing Solutions' Quick Ratio too high?
Icodex Publishing Solutions' current Quick Ratio of 2.70 is near median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 2.70. The Software industry median Quick Ratio is 1.68. Icodex Publishing Solutions' value of 2.70 is 60.7% above this industry median. Based on the distribution chart, Icodex Publishing Solutions ranks #846 out of 2875 companies in the Software industry, which is above the industry midpoint. Overall, Icodex Publishing Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Icodex Publishing Solutions' Quick Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Icodex Publishing Solutions ranks #846 out of 2875 companies for Quick Ratio. This puts Icodex Publishing Solutions in the upper half of its industry. The industry median Quick Ratio is 1.68. Icodex Publishing Solutions' value of 2.70 is 60.7% above this benchmark. Historically, Icodex Publishing Solutions' own Quick Ratio has ranged from 2.03 to 2.70 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 1.68, Icodex Publishing Solutions 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 Software company?
The median Quick Ratio among Software companies is 1.68, based on 2,875 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. Icodex Publishing Solutions's current Quick Ratio of 2.70 is 60.7% 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 Icodex Publishing Solutions and its competitors. For the Software industry, the median Quick Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icodex Publishing Solutions's current Quick Ratio is 2.70, which is near median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icodex Publishing Solutions stock overvalued right now?
Icodex Publishing Solutions (BOM:544483) has a current Quick Ratio of 2.70. The current Quick Ratio is 2.70, which is near median its 10-year median of 2.47 and 60.7% above the Software industry median of 1.68. Icodex Publishing Solutions' overall GF Score™ is 22/100 with 4 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 Icodex Publishing Solutions (BOM:544483), the current Quick Ratio is 2.70 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.

Icodex Publishing Solutions Business Description

Address 102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, MH, IND, 411014
Icodex Publishing Solutions Ltd is engaged in the business of Software Product Development for Scholarly Publishing. Its Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution. It also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.
22GF Score

Get the complete analysis for BOM:544483

Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹36.69
Price