Boss Packaging Solutions has a quick ratio of 1.08. It generally indicates good short-term financial strength.
The historical rank and industry rank for Boss Packaging Solutions's Quick Ratio or its related term are showing as below:
NSE:BOSS's Quick Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.39 * Ranked among companies with meaningful Quick Ratio only.
Boss Packaging Solutions (NSE:BOSS) 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.
Boss Packaging Solutions Quick Ratio Related Terms
Boss Packaging Solutions 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.
Boss Packaging Solutions Quick Ratio Chart
Boss Packaging Solutions Annual Data
Trend
Mar22
Mar23
Mar24
Quick Ratio
0.55
1.05
1.08
Boss Packaging Solutions Semi-Annual Data
Mar22
Mar23
Mar24
Quick Ratio
0.55
1.05
1.08
NSE:BOSS vs GEV, ETN, PH: Quick Ratio Comparison
For the Specialty Industrial Machinery subindustry, Boss Packaging Solutions'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.
Boss Packaging Solutions Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Boss Packaging Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Boss Packaging Solutions'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.
Boss Packaging Solutions'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.
Boss Packaging Solutions (NSE:BOSS) has a Quick Ratio of 1.08 as of Mar. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Boss Packaging Solutions and its competitors.
Is Boss Packaging Solutions' Quick Ratio too high?
Boss Packaging Solutions' current Quick Ratio is 1.08. The Industrial Products industry median Quick Ratio is 1.39. Boss Packaging Solutions' value of 1.08 is 22.3% below this industry median. Overall, Boss Packaging Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Boss Packaging Solutions' Quick Ratio compare to GEV and ETN?
Boss Packaging Solutions' Quick Ratio of 1.08 can be compared against companies in the Industrial Products industry. The industry median Quick Ratio is 1.39. Boss Packaging Solutions' value of 1.08 is 22.3% below 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 1.39, based on 3,079 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. Boss Packaging Solutions's current Quick Ratio of 1.08 is 22.3% 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 Boss Packaging Solutions and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boss Packaging Solutions's current Quick Ratio is 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boss Packaging Solutions stock overvalued right now?
Boss Packaging Solutions (NSE:BOSS) has a current Quick Ratio of 1.08. The current Quick Ratio is 1.08 and 22.3% below the Industrial Products industry median of 1.39. Boss Packaging Solutions' overall GF Score™ is 22/100. 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 Boss Packaging Solutions (NSE:BOSS), the current Quick Ratio is 1.08 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.
Boss Packaging Solutions Ltd is a manufacturer, supplier and exporter of diversified packaging machines, self-adhesive sticker labelling machines, conveyors, turn tables, web sealers, electric tunnels, etc. its products find application in various end-use industries including edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.
22GF Score
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