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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. Auri Grow India's quick ratio for the quarter that ended in Mar. 2024 was 62.74.
Auri Grow India has a quick ratio of 62.74. It generally indicates good short-term financial strength.
The historical rank and industry rank for Auri Grow India's Quick Ratio or its related term are showing as below:
NSE:AURIGROW's Quick Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.38 * Ranked among companies with meaningful Quick Ratio only.
Auri Grow India (NSE:AURIGROW) 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.
Auri Grow India Quick Ratio Related Terms
Auri Grow India Quick Ratio Historical Data
* Premium members only.
The historical data trend for Auri Grow India'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.
For the Electrical Equipment & Parts subindustry, Auri Grow India'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.
Auri Grow India Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Auri Grow India's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Auri Grow India'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.
Auri Grow India's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
Auri Grow India (NSE:AURIGROW) has a Quick Ratio of 62.74 as of Mar. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Auri Grow India and its competitors.
Is Auri Grow India's Quick Ratio too high?
Auri Grow India's current Quick Ratio is 62.74. The Industrial Products industry median Quick Ratio is 1.38. Auri Grow India's value of 62.74 is 4446.4% above this industry median. Overall, Auri Grow India has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Auri Grow India's Quick Ratio compare to VRT?
Auri Grow India's Quick Ratio of 62.74 can be compared against companies in the Industrial Products industry. The industry median Quick Ratio is 1.38. Auri Grow India's value of 62.74 is 4446.4% above this benchmark. 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.38, based on 3,076 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. Auri Grow India's current Quick Ratio of 62.74 is 4446.4% 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 Auri Grow India and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auri Grow India's current Quick Ratio is 62.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auri Grow India stock overvalued right now?
Auri Grow India (NSE:AURIGROW) has a current Quick Ratio of 62.74. The current Quick Ratio is 62.74 and 4446.4% above the Industrial Products industry median of 1.38. Auri Grow India's overall GF Score™ is 4/100. 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 Auri Grow India (NSE:AURIGROW), the current Quick Ratio is 62.74 as of Mar. 2024. 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.
Auri Grow India Ltd, formerly Godha Cabcon & Insulation Ltd is an Indian company is engaged in manufacturing of an ACSR Conductor. Its product offerings include All Aluminium Alloy Conductor, Aluminium Conductor, Steel Reinforced, Armoured and Unarmoured Cable.
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