Thal (KAR:THALL) Quick Ratio: 2.28 (As of Mar. 2026) — Near Median


KAR:THALL Thal Ltd KAR:THALL
79 GF Score
Price ₨617.65
GF Value ₨530.43
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Thal Quick Ratio?

Thal KAR:THALL -1.18% 79 Quick Ratio is 2.28 as of Mar. 2026, which is 3% below its 10-year median of 2.34. GuruFocus rates KAR:THALL with a GF Score™ of 79/100 and a GF Value™ of ₨530.43 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,337 Vehicles & Parts companies, Thal ranks better than 84.07% 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. Thal's quick ratio for the quarter that ended in Mar. 2026 was 2.28.

Thal has a quick ratio of 2.28. It generally indicates good short-term financial strength.

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

KAR:THALL' s Quick Ratio Range Over the Past 10 Years
Min: 1.68   Med: 2.34   Max: 5.39
Current: 2.28

During the past 13 years, Thal's highest Quick Ratio was 5.39. The lowest was 1.68. And the median was 2.34.

KAR:THALL's Quick Ratio is ranked better than
84.07% of 1337 companies
in the Vehicles & Parts industry
Industry Median: 1.06 vs KAR:THALL: 2.28

Thal  (KAR:THALL) 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.


Thal Quick Ratio Related Terms


Thal Quick Ratio Historical Data

* Premium members only.

The historical data trend for Thal'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.

Thal Quick Ratio Chart

Thal Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.34 1.76 1.86 2.34 2.02

Thal Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.10 2.02 1.97 2.25 2.28

KAR:THALL vs ORLY, AZO, GPC: Quick Ratio Comparison

For the Auto Parts subindustry, Thal'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.


Thal Quick Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thal's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Thal's Quick Ratio falls into.


KAR:THALL
79GF Score
Thal Ltd KAR:THALL
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thal 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.

Thal's Quick Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Quick Ratio (A: Jun. 2025 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(34393.426-10439.877)/11829.288
=2.02

Thal'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
=(41538.996-10313.397)/13672.186
=2.28

* 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 2.28 mean?
Thal (KAR:THALL) has a Quick Ratio of 2.28 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Thal and its competitors. This is near median its historical median of 2.34. Over the past decade, Thal's Quick Ratio has ranged from 1.68 to 5.39. According to the industry distribution chart, Thal ranks #213 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 15.9%.
Is Thal's Quick Ratio too high?
Thal's current Quick Ratio of 2.28 is near median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 5.39. The Vehicles & Parts industry median Quick Ratio is 1.06. Thal's value of 2.28 is 115.1% above this industry median. Based on the distribution chart, Thal ranks #213 out of 1337 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Thal has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thal's Quick Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thal ranks #213 out of 1337 companies for Quick Ratio. This places Thal in the top 16% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.06. Thal's value of 2.28 is 115.1% above this benchmark. Historically, Thal's own Quick Ratio has ranged from 1.68 to 5.39 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 1.06, Thal 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 Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.06, based on 1,337 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. Thal's current Quick Ratio of 2.28 is 115.1% 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 Thal and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thal's current Quick Ratio is 2.28, which is near median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thal stock overvalued right now?
Based on GuruFocus' analysis, Thal (KAR:THALL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨530.43, compared to a current price of ₨617.65 — trading 16.4% above its estimated fair value. The current Quick Ratio is 2.28, which is near median its 10-year median of 2.34 and 115.1% above the Vehicles & Parts industry median of 1.06. Thal's overall GF Score™ is 79/100 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 Thal (KAR:THALL), the current Quick Ratio is 2.28 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 Thal (KAR:THALL) Overvalued in 2026?

Based on GuruFocus' analysis, Thal stock appears to be overvalued. The current stock price of ₨617.65 is trading 16.4% above its estimated GF Value™ of ₨530.43. GuruFocus considers Thal to be Modestly Overvalued.

Key valuation signals for KAR:THALL:

  • Quick Ratio: 2.28 (near median its 10-year median of 2.34)
  • GF Value™: ₨530.43 vs. price of ₨617.65 (16.4% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 115.1% above the Vehicles & Parts median (#213 of 1337)

No single metric tells the full story. See the KAR:THALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thal Business Description

Address Plot 3, Jinnah Cooperative Housing Society, 4th Floor, House of Habib, Block 7/8, Shahrah-e-Faisal, Karachi, PAK, 75350
Thal Ltd is a diversified industrial manufacturer operating in engineering, packaging, and laminate sheets. Its engineering segment produces automotive parts, including air-conditioners, radiators, wire harnesses, and engine components. The packaging segment offers jute goods, paper sacks, woven polypropylene packaging, and laminate sheets for various industries. The company's operations span multiple cities in Pakistan and include export activities to many countries. It also has interests in energy through coal mining and power generation ventures. The Company's operating businesses are categorized under two segments, namely the Engineering segment and the Building Material & Allied Products segment. The majority of revenue comes from the Engineering segment.
79GF Score

Get the complete analysis for KAR:THALL

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

₨617.65
Price
₨530.43
GF Value