Classic Electrodes (India)NSE:CLASSICEIL 15 Quick Ratio is 1.63 as of Mar. 2026, which is 117% above its 10-year median of 0.75. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100. Among 3,072 Industrial Products companies, Classic Electrodes (India) ranks better than 59.54% on this metric.
Classic Electrodes (India) has a quick ratio of 1.63. It generally indicates good short-term financial strength.
The historical rank and industry rank for Classic Electrodes (India)'s Quick Ratio or its related term are showing as below:
NSE:CLASSICEIL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.69 Med: 0.75 Max: 1.63
Current: 1.63
During the past 5 years, Classic Electrodes (India)'s highest Quick Ratio was 1.63. The lowest was 0.69. And the median was 0.75.
NSE:CLASSICEIL's Quick Ratio is ranked better than 59.54% of 3072
companies
in the Industrial Products industry
Industry Median: 1.39
vs NSE:CLASSICEIL: 1.63
Classic Electrodes (India) (NSE:CLASSICEIL) 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.
Classic Electrodes (India) Quick Ratio Related Terms
Classic Electrodes (India) 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.
For the Electrical Equipment & Parts subindustry, Classic Electrodes (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.
Classic Electrodes (India) Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s Quick Ratio distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'s Quick Ratio falls into.
Classic Electrodes (India) 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.
* 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.
Classic Electrodes (India) (NSE:CLASSICEIL) has a Quick Ratio of 1.63 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Classic Electrodes (India) and its competitors. This is 117% above median its historical median of 0.75. Over the past decade, Classic Electrodes (India)'s Quick Ratio has ranged from 0.69 to 1.63. According to the industry distribution chart, Classic Electrodes (India) ranks #1243 out of 3072 companies in the Industrial Products industry, placing it in the top 40.5%.
Is Classic Electrodes (India)'s Quick Ratio too high?
Classic Electrodes (India)'s current Quick Ratio of 1.63 is 117% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.63. The Industrial Products industry median Quick Ratio is 1.39. Classic Electrodes (India)'s value of 1.63 is 17.3% above this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #1243 out of 3072 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Classic Electrodes (India) has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Classic Electrodes (India)'s Quick Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #1243 out of 3072 companies for Quick Ratio. This puts Classic Electrodes (India) in the upper half of its industry. The industry median Quick Ratio is 1.39. Classic Electrodes (India)'s value of 1.63 is 17.3% above this benchmark. Historically, Classic Electrodes (India)'s own Quick Ratio has ranged from 0.69 to 1.63 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.39, Classic Electrodes (India) 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,072 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. Classic Electrodes (India)'s current Quick Ratio of 1.63 is 17.3% 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 Classic Electrodes (India) 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. Classic Electrodes (India)'s current Quick Ratio is 1.63, which is 117% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Classic Electrodes (India) stock overvalued right now?
Classic Electrodes (India) (NSE:CLASSICEIL) has a current Quick Ratio of 1.63. The current Quick Ratio is 1.63, which is 117% above median its 10-year median of 0.75 and 17.3% above the Industrial Products industry median of 1.39. Classic Electrodes (India)'s overall GF Score™ is 15/100. 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 Classic Electrodes (India) (NSE:CLASSICEIL), the current Quick Ratio is 1.63 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.
Classic Electrodes (India) Ltd is engaged in the business of manufacturing welding electrodes and providing engineering solutions to customers both in domestic and international market. It provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc. It is focused on alloy and process development, quality and design, which has allowed the company to develop products suited to its customers' requirements. It has expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEM's and end user industries.
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