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Harikanta OverseasBOM:544769 +9.38%18 Quick Ratio is 1.19 as of Mar. 2025, which is 80% above its 10-year median of 0.66. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks better than 53.23% on this metric.
Harikanta Overseas has a quick ratio of 1.19. It generally indicates good short-term financial strength.
The historical rank and industry rank for Harikanta Overseas's Quick Ratio or its related term are showing as below:
BOM:544769'
s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.66 Max: 1.19
Current: 1.19
During the past 3 years, Harikanta Overseas's highest Quick Ratio was 1.19. The lowest was 0.50. And the median was 0.66.
BOM:544769's Quick Ratio is ranked better than 53.23% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.11
vs BOM:544769: 1.19
Harikanta Overseas (BOM:544769) 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.
Harikanta Overseas Quick Ratio Related Terms
Harikanta Overseas Quick Ratio Historical Data
* Premium members only.
The historical data trend for Harikanta Overseas'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.
Harikanta Overseas Quick Ratio Chart
Harikanta Overseas Annual Data
Trend
Mar23
Mar24
Mar25
Quick Ratio
0.50
0.66
1.19
Harikanta Overseas Semi-Annual Data
Mar23
Mar24
Mar25
Quick Ratio
0.50
0.66
1.19
Harikanta Overseas Quick Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Harikanta Overseas'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.
Harikanta Overseas Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Harikanta Overseas'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.
Harikanta Overseas's Quick Ratio for the fiscal year that ended in Mar. 2025 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.
Harikanta Overseas (BOM:544769) has a Quick Ratio of 1.19 as of Mar. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Harikanta Overseas and its competitors. This is 80% above median its historical median of 0.66. Over the past decade, Harikanta Overseas' Quick Ratio has ranged from 0.50 to 1.19. According to the industry distribution chart, Harikanta Overseas ranks #500 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.8%.
Is Harikanta Overseas' Quick Ratio too high?
Harikanta Overseas' current Quick Ratio of 1.19 is 80% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.19. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.11. Harikanta Overseas' value of 1.19 is 7.2% above this industry median. Based on the distribution chart, Harikanta Overseas ranks #500 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' Quick Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #500 out of 1069 companies for Quick Ratio. This puts Harikanta Overseas in the upper half of its industry. The industry median Quick Ratio is 1.11. Harikanta Overseas' value of 1.19 is 7.2% above this benchmark. Historically, Harikanta Overseas' own Quick Ratio has ranged from 0.50 to 1.19 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.11, Harikanta Overseas 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 Manufacturing - Apparel & Accessories company?
The median Quick Ratio among Manufacturing - Apparel & Accessories companies is 1.11, based on 1,069 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. Harikanta Overseas's current Quick Ratio of 1.19 is 7.2% 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 Harikanta Overseas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harikanta Overseas's current Quick Ratio is 1.19, which is 80% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current Quick Ratio of 1.19. The current Quick Ratio is 1.19, which is 80% above median its 10-year median of 0.66 and 7.2% above the Manufacturing - Apparel & Accessories industry median of 1.11. Harikanta Overseas' overall GF Score™ is 18/100 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 Harikanta Overseas (BOM:544769), the current Quick Ratio is 1.19 as of Mar. 2025. 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.
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
18GF Score
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