Emerald Tyre ManufacturersNSE:ETML -1.12%16 Quick Ratio is 0.65 as of Mar. 2025, which is 25% above its 10-year median of 0.52. GuruFocus rates NSE:ETML with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,337 Vehicles & Parts companies, Emerald Tyre Manufacturers ranks worse than 78.83% on this metric.
Emerald Tyre Manufacturers has a quick ratio of 0.65. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Emerald Tyre Manufacturers's Quick Ratio or its related term are showing as below:
NSE:ETML'
s Quick Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.52 Max: 0.65
Current: 0.65
During the past 5 years, Emerald Tyre Manufacturers's highest Quick Ratio was 0.65. The lowest was 0.47. And the median was 0.52.
NSE:ETML's Quick Ratio is ranked worse than 78.83% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 1.05
vs NSE:ETML: 0.65
Emerald Tyre Manufacturers (NSE:ETML) 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.
Emerald Tyre Manufacturers Quick Ratio Related Terms
Emerald Tyre Manufacturers 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.
Emerald Tyre Manufacturers Quick Ratio Chart
Emerald Tyre Manufacturers Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Quick Ratio
0.51
0.52
0.47
0.55
0.65
Emerald Tyre Manufacturers Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Quick Ratio
0.51
0.52
0.47
0.55
0.65
NSE:ETML vs ORLY, AZO: Quick Ratio Comparison
For the Auto Parts subindustry, Emerald Tyre Manufacturers'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.
Emerald Tyre Manufacturers Quick Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Emerald Tyre Manufacturers's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Emerald Tyre Manufacturers's Quick Ratio falls into.
Emerald Tyre Manufacturers 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.
Emerald Tyre Manufacturers (NSE:ETML) has a Quick Ratio of 0.65 as of Mar. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Emerald Tyre Manufacturers and its competitors. This is 25% above median its historical median of 0.52. Over the past decade, Emerald Tyre Manufacturers' Quick Ratio has ranged from 0.47 to 0.65. According to the industry distribution chart, Emerald Tyre Manufacturers ranks #1054 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 78.8%.
Is Emerald Tyre Manufacturers' Quick Ratio too high?
Emerald Tyre Manufacturers' current Quick Ratio of 0.65 is 25% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 0.65. The Vehicles & Parts industry median Quick Ratio is 1.05. Emerald Tyre Manufacturers' value of 0.65 is 38.1% below this industry median. Based on the distribution chart, Emerald Tyre Manufacturers ranks #1054 out of 1337 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Emerald Tyre Manufacturers has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' Quick Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Emerald Tyre Manufacturers ranks #1054 out of 1337 companies for Quick Ratio. This places Emerald Tyre Manufacturers in the lower half of its industry. The industry median Quick Ratio is 1.05. Emerald Tyre Manufacturers' value of 0.65 is 38.1% below this benchmark. Historically, Emerald Tyre Manufacturers' own Quick Ratio has ranged from 0.47 to 0.65 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.05, Emerald Tyre Manufacturers has consistently been below 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 Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.05, based on 1,337 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. Emerald Tyre Manufacturers's current Quick Ratio of 0.65 is 38.1% 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 Emerald Tyre Manufacturers and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Tyre Manufacturers's current Quick Ratio is 0.65, which is 25% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current Quick Ratio of 0.65. The current Quick Ratio is 0.65, which is 25% above median its 10-year median of 0.52 and 38.1% below the Vehicles & Parts industry median of 1.05. Emerald Tyre Manufacturers' overall GF Score™ is 16/100 with 3 warning signs 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 Emerald Tyre Manufacturers (NSE:ETML), the current Quick Ratio is 0.65 as of Mar. 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.
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
16GF Score
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