Creative Newtech has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Creative Newtech's Quick Ratio or its related term are showing as below:
NSE:CREATIVE'
s Quick Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1 Max: 2.13
Current: 2.08
During the past 13 years, Creative Newtech's highest Quick Ratio was 2.13. The lowest was 0.72. And the median was 1.00.
NSE:CREATIVE's Quick Ratio is ranked better than 66.38% of 2454
companies
in the Hardware industry
Industry Median: 1.48
vs NSE:CREATIVE: 2.08
Creative Newtech Quick Ratio Historical Data
The historical data trend for Creative Newtech'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.
Competitive Comparison of Creative Newtech's Quick Ratio
For the Electronics & Computer Distribution subindustry, Creative Newtech'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.
Creative Newtech's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Creative Newtech's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Creative Newtech'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.
Creative Newtech'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.
Creative Newtech (NSE:CREATIVE) 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.
Creative Newtech Quick Ratio Related Terms
Thank you for viewing the detailed overview of Creative Newtech's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Creative Newtech Ltd is engaged in the business of distribution of IT products. The company's B2B e-commerce platform caters to various sub-distributors, retailers, and other customers, and serves as a one-stop-shop offering end-to-end solutions. Its operating segment includes Enterprise Business - EB; Fast Moving Social - Media Gadgets - FMSG; Fast Moving Electronics Goods - FMEG and Fast Moving Consumer Technology - FMCT. The company generates maximum revenue from the Enterprise Business (EB) segment which includes high-volume products tailored for enterprise clients. Notable brands in this segment include AOC, Philips, and others. Geographically, it caters to both the Indian and international markets and derives its key revenue from outside India.
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