Canarys AutomationsNSE:CANARYS +1.31%20 Quick Ratio is 2.40 as of Sep. 2025, which is 11% above its 10-year median of 2.16. GuruFocus rates NSE:CANARYS with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,865 Software companies, Canarys Automations ranks better than 65.93% on this metric.
Canarys Automations has a quick ratio of 2.40. It generally indicates good short-term financial strength.
The historical rank and industry rank for Canarys Automations's Quick Ratio or its related term are showing as below:
NSE:CANARYS'
s Quick Ratio Range Over the Past 10 Years
Min: 1.23 Med: 2.16 Max: 3.21
Current: 2.4
During the past 5 years, Canarys Automations's highest Quick Ratio was 3.21. The lowest was 1.23. And the median was 2.16.
NSE:CANARYS's Quick Ratio is ranked better than 65.93% of 2865
companies
in the Software industry
Industry Median: 1.7
vs NSE:CANARYS: 2.40
Canarys Automations (NSE:CANARYS) 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.
Canarys Automations Quick Ratio Related Terms
Canarys Automations Quick Ratio Historical Data
* Premium members only.
The historical data trend for Canarys Automations'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.
NSE:CANARYS vs IBM, ACN, FISV: Quick Ratio Comparison
For the Information Technology Services subindustry, Canarys Automations'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.
Canarys Automations Quick Ratio vs Software Industry
For the Software industry and Technology sector, Canarys Automations's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Canarys Automations'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.
Canarys Automations's Quick Ratio for the fiscal year that ended in Mar. 2025 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.
Canarys Automations (NSE:CANARYS) has a Quick Ratio of 2.40 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Canarys Automations and its competitors. This is 11% above median its historical median of 2.16. Over the past decade, Canarys Automations' Quick Ratio has ranged from 1.23 to 3.21. According to the industry distribution chart, Canarys Automations ranks #976 out of 2865 companies in the Software industry, placing it in the top 34.1%.
Is Canarys Automations' Quick Ratio too high?
Canarys Automations' current Quick Ratio of 2.40 is 11% above median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 3.21. The Software industry median Quick Ratio is 1.70. Canarys Automations' value of 2.40 is 41.2% above this industry median. Based on the distribution chart, Canarys Automations ranks #976 out of 2865 companies in the Software industry, which is above the industry midpoint. Overall, Canarys Automations has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Canarys Automations' Quick Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Canarys Automations ranks #976 out of 2865 companies for Quick Ratio. This puts Canarys Automations in the upper half of its industry. The industry median Quick Ratio is 1.70. Canarys Automations' value of 2.40 is 41.2% above this benchmark. Historically, Canarys Automations' own Quick Ratio has ranged from 1.23 to 3.21 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 1.70, Canarys Automations 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 Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,865 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. Canarys Automations's current Quick Ratio of 2.40 is 41.2% 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 Canarys Automations and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canarys Automations's current Quick Ratio is 2.40, which is 11% above median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canarys Automations stock overvalued right now?
Canarys Automations (NSE:CANARYS) has a current Quick Ratio of 2.40. The current Quick Ratio is 2.40, which is 11% above median its 10-year median of 2.16 and 41.2% above the Software industry median of 1.70. Canarys Automations' overall GF Score™ is 20/100 with 1 warning sign 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 Canarys Automations (NSE:CANARYS), the current Quick Ratio is 2.40 as of Sep. 2025. 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.
Canarys Automations Ltd is an IT solutions provider specializing in enabling digital transformation for businesses through its software solutions in the areas of Digitalization, Modernization, Automation, and Intelligence. The company's solutions include Digital Transformation, Digital DevOps, Digital Assurance, Telemetry, Water Resources Management, and Cloud IT, and are delivered across industry sectors such as BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, and Insurance. it operates through two segments, Technology Solutions and Water Resource Management Solutions, with the majority of its revenue generated from the Technology Solutions segment. The company's revenue is generated from India sales, which contribute the maximum revenue, and international sales.
20GF Score
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