Excel Industries has a quick ratio of 2.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Excel Industries's Quick Ratio or its related term are showing as below:
NSE:EXCELINDUS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.46 Max: 2.56
Current: 2.03
During the past 13 years, Excel Industries's highest Quick Ratio was 2.56. The lowest was 0.83. And the median was 1.46.
NSE:EXCELINDUS's Quick Ratio is ranked better than 68.25% of 1562
companies
in the Chemicals industry
Industry Median: 1.41
vs NSE:EXCELINDUS: 2.03
Excel Industries Quick Ratio Historical Data
The historical data trend for Excel Industries'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 Excel Industries's Quick Ratio
For the Specialty Chemicals subindustry, Excel Industries'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.
Excel Industries's Quick Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Excel Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Excel Industries's Quick Ratio falls into.
Excel Industries 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.
Excel Industries'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.
Excel Industries (NSE:EXCELINDUS) 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.
Excel Industries Quick Ratio Related Terms
Thank you for viewing the detailed overview of Excel Industries's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Excel Industries (NSE:EXCELINDUS) Business Description
Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of industrial and specialty chemicals, pesticides intermediates, polymer and pharma intermediates; and Environment and Biotech segment which comprises of soil enricher, biopesticides, and bioproducts. Apart from these segments company also focuses on waste management area where it converts solid waste into organic soil conditioner. The majority of its revenues come from the Indian market, while it also has a presence in the International market.
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