Navneet Education 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 Navneet Education's Quick Ratio or its related term are showing as below:
NSE:NAVNETEDUL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.15 Max: 2.31
Current: 2.29
During the past 13 years, Navneet Education's highest Quick Ratio was 2.31. The lowest was 0.71. And the median was 1.15.
NSE:NAVNETEDUL's Quick Ratio is ranked better than 70.88% of 1051
companies
in the Media - Diversified industry
Industry Median: 1.43
vs NSE:NAVNETEDUL: 2.29
Navneet Education Quick Ratio Historical Data
The historical data trend for Navneet Education'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 Navneet Education's Quick Ratio
For the Publishing subindustry, Navneet Education'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.
Navneet Education's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Navneet Education's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Navneet Education'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.
Navneet Education'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.
Navneet Education (NSE:NAVNETEDUL) 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.
Navneet Education Quick Ratio Related Terms
Thank you for viewing the detailed overview of Navneet Education's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Navneet Education Ltd is engaged in the publication of knowledge-based information in educational and general books as well as in electronic media and manufacturing of paper and other stationery items. The company provides educational syllabus-based content in print & digital mediums, manufactures scholastic paper stationery, and publishes general and children's books, and also Scholastic Non-Paper Stationary products including various titles in the Children and General books category, which are not based on the syllabus. It markets its products under the brand names Navneet, Vikas, Gala, Grafalco, FfUuNn, and Boss. The company manages its business in segments namely Publication, Stationery, and Others. It has a business presence in India and other countries.
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