Milton Industries has a quick ratio of 1.60. It generally indicates good short-term financial strength.
The historical rank and industry rank for Milton Industries's Quick Ratio or its related term are showing as below:
NSE:MILTON's Quick Ratio is not ranked *
in the Forest Products industry.
Industry Median: 0.93 * Ranked among companies with meaningful Quick Ratio only.
Milton Industries (NSE:MILTON) 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.
Milton Industries Quick Ratio Related Terms
Milton Industries Quick Ratio Historical Data
* Premium members only.
The historical data trend for Milton 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.
NSE:MILTON vs SSD, UFPI, BCC: Quick Ratio Comparison
For the Lumber & Wood Production subindustry, Milton 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.
Milton Industries Quick Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Milton Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Milton Industries'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.
Milton 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.
Milton Industries (NSE:MILTON) has a Quick Ratio of 1.60 as of Mar. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Milton Industries and its competitors.
Is Milton Industries' Quick Ratio too high?
Milton Industries' current Quick Ratio is 1.60. The Forest Products industry median Quick Ratio is 0.93. Milton Industries' value of 1.60 is 72% above this industry median. Overall, Milton Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Milton Industries' Quick Ratio compare to SSD and UFPI?
Milton Industries' Quick Ratio of 1.60 can be compared against companies in the Forest Products industry. The industry median Quick Ratio is 0.93. Milton Industries' value of 1.60 is 72% above this benchmark. 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 Forest Products company?
The median Quick Ratio among Forest Products companies is 0.93, based on 289 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. Milton Industries's current Quick Ratio of 1.60 is 72% 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 Milton Industries and its competitors. For the Forest Products industry, the median Quick Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milton Industries's current Quick Ratio is 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milton Industries stock overvalued right now?
Milton Industries (NSE:MILTON) has a current Quick Ratio of 1.60. The current Quick Ratio is 1.60 and 72% above the Forest Products industry median of 0.93. Milton Industries' overall GF Score™ is 4/100. 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 Milton Industries (NSE:MILTON), the current Quick Ratio is 1.60 as of Mar. 2024. 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.
Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters and home kitchens. The majority of the revenue comes from the Indian market.
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