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Jainik Power CablesNSE:JAINIK +10.00%18 Quick Ratio is 2.39 as of Sep. 2025, which is 154% above its 10-year median of 0.94. GuruFocus rates NSE:JAINIK with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 2,637 Metals & Mining companies, Jainik Power Cables ranks better than 50.82% on this metric.
Jainik Power Cables (NSE:JAINIK) 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.
Jainik Power Cables Quick Ratio Related Terms
Jainik Power Cables Quick Ratio Historical Data
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The historical data trend for Jainik Power Cables'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.
For the Aluminum subindustry, Jainik Power Cables'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.
Jainik Power Cables Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Jainik Power Cables's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jainik Power Cables'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.
Jainik Power Cables'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.
Jainik Power Cables (NSE:JAINIK) has a Quick Ratio of 2.39 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jainik Power Cables and its competitors. This is 154% above median its historical median of 0.94. Over the past decade, Jainik Power Cables' Quick Ratio has ranged from 0.70 to 2.39. According to the industry distribution chart, Jainik Power Cables ranks #1297 out of 2637 companies in the Metals & Mining industry, placing it in the top 49.2%.
Is Jainik Power Cables' Quick Ratio too high?
Jainik Power Cables' current Quick Ratio of 2.39 is 154% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 2.39. The Metals & Mining industry median Quick Ratio is 2.34. Jainik Power Cables' value of 2.39 is 2.1% above this industry median. Based on the distribution chart, Jainik Power Cables ranks #1297 out of 2637 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Jainik Power Cables has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Jainik Power Cables' Quick Ratio compare to AA?
According to the Metals & Mining industry distribution chart, Jainik Power Cables ranks #1297 out of 2637 companies for Quick Ratio. This puts Jainik Power Cables in the upper half of its industry. The industry median Quick Ratio is 2.34. Jainik Power Cables' value of 2.39 is 2.1% above this benchmark. Historically, Jainik Power Cables' own Quick Ratio has ranged from 0.70 to 2.39 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 2.34, Jainik Power Cables 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 Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.34, based on 2,637 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. Jainik Power Cables's current Quick Ratio of 2.39 is 2.1% 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 Jainik Power Cables and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jainik Power Cables's current Quick Ratio is 2.39, which is 154% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jainik Power Cables stock overvalued right now?
Jainik Power Cables (NSE:JAINIK) has a current Quick Ratio of 2.39. The current Quick Ratio is 2.39, which is 154% above median its 10-year median of 0.94 and 2.1% above the Metals & Mining industry median of 2.34. Jainik Power Cables' overall GF Score™ is 18/100 with 5 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 Jainik Power Cables (NSE:JAINIK), the current Quick Ratio is 2.39 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.
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