Girnar Spintex Industries (NSE:ASIL) 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.
Girnar Spintex Industries Quick Ratio Related Terms
Girnar Spintex 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.
Girnar Spintex Industries Quick Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Girnar Spintex 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.
Girnar Spintex Industries Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Girnar Spintex Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Girnar Spintex 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.
Girnar Spintex 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.
Girnar Spintex Industries (NSE:ASIL) has a Quick Ratio of 0.28 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Girnar Spintex Industries and its competitors. This is near median its historical median of 0.29. Over the past decade, Girnar Spintex Industries' Quick Ratio has ranged from 0.14 to 0.94.
Is Girnar Spintex Industries' Quick Ratio too high?
Girnar Spintex Industries' current Quick Ratio of 0.28 is near median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.94. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.10. Girnar Spintex Industries' value of 0.28 is 74.5% below this industry median.
How does Girnar Spintex Industries' Quick Ratio compare to competitors?
Girnar Spintex Industries' Quick Ratio of 0.28 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Quick Ratio is 1.10. Girnar Spintex Industries' value of 0.28 is 74.5% below this benchmark. Historically, Girnar Spintex Industries' own Quick Ratio has ranged from 0.14 to 0.94 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.10, Girnar Spintex Industries has consistently been below 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 1.10, based on 1,068 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. Girnar Spintex Industries's current Quick Ratio of 0.28 is 74.5% below 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 Girnar Spintex Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Girnar Spintex Industries's current Quick Ratio is 0.28, which is near median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girnar Spintex Industries stock overvalued right now?
Girnar Spintex Industries (NSE:ASIL) has a current Quick Ratio of 0.28. The stock's GF Value™ is ₹2.18, compared to a current price of ₹0.70 — trading 67.9% below its estimated fair value. The current Quick Ratio is 0.28, which is near median its 10-year median of 0.29 and 74.5% below the Manufacturing - Apparel & Accessories industry median of 1.10. 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 Girnar Spintex Industries (NSE:ASIL), the current Quick Ratio is 0.28 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.
Girnar Spintex Industries Ltd is an India-based company engaged in the business of spinning mills. It earns revenues from cotton sales, fabric sales, waste sales, and yarn sales. The company generates a majority of its revenues from yarn sales.
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