Nordicus Partners has a quick ratio of 0.62. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Nordicus Partners's Quick Ratio or its related term are showing as below:
NORD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.42 Med: 1.43 Max: 4.53
Current: 0.62
During the past 2 years, Nordicus Partners's highest Quick Ratio was 4.53. The lowest was 0.42. And the median was 1.43.
NORD's Quick Ratio is ranked worse than 90.36% of 1079
companies
in the Business Services industry
Industry Median: 1.54
vs NORD: 0.62
Nordicus Partners Quick Ratio Historical Data
The historical data trend for Nordicus Partners'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 Nordicus Partners's Quick Ratio
For the Consulting Services subindustry, Nordicus Partners'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.
Nordicus Partners's Quick Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Nordicus Partners's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nordicus Partners's Quick Ratio falls into.
Nordicus Partners 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.
Nordicus Partners's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
Nordicus Partners (OTCPK:NORD) 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.
Nordicus Partners Quick Ratio Related Terms
Thank you for viewing the detailed overview of Nordicus Partners's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nordicus Partners (Nordicus Partners) Business Description
Nordicus Partners Corp is a Denmark-based financial consulting company and wholly owned subsidiary of ekimas corporation, Specializing in providing Nordic companies with the best possible conditions to establish themselves on the us market, taking advantage of management's combined 90+ years of experience in the corporate sector, serving in different capacities both domestically and globally. The company's core competencies lie in assisting Danish as well as Nordic and international companies in different areas of corporate finance activities, such as business valuation, growth strategies, attracting capital for business & company acquisition, and sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NORD has been successfully added to your