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Nikita Greentech RecyclingNSE:NIKITA 11 Quick Ratio is 1.38 as of Mar. 2026, which is 44% above its 10-year median of 0.96. GuruFocus rates NSE:NIKITA with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 286 Forest Products companies, Nikita Greentech Recycling ranks better than 66.78% on this metric.
Nikita Greentech Recycling (NSE:NIKITA) 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.
Nikita Greentech Recycling Quick Ratio Related Terms
Nikita Greentech Recycling 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.
Nikita Greentech Recycling Quick Ratio Competitor Comparison
For the Paper & Paper Products subindustry, Nikita Greentech Recycling'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.
Nikita Greentech Recycling Quick Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Nikita Greentech Recycling's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nikita Greentech Recycling's Quick Ratio falls into.
Nikita Greentech Recycling 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.
Nikita Greentech Recycling (NSE:NIKITA) has a Quick Ratio of 1.38 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nikita Greentech Recycling and its competitors. This is 44% above median its historical median of 0.96. Over the past decade, Nikita Greentech Recycling's Quick Ratio has ranged from 0.93 to 1.38. According to the industry distribution chart, Nikita Greentech Recycling ranks #95 out of 286 companies in the Forest Products industry, placing it in the top 33.2%.
Is Nikita Greentech Recycling's Quick Ratio too high?
Nikita Greentech Recycling's current Quick Ratio of 1.38 is 44% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 1.38. The Forest Products industry median Quick Ratio is 0.93. Nikita Greentech Recycling's value of 1.38 is 48.4% above this industry median. Based on the distribution chart, Nikita Greentech Recycling ranks #95 out of 286 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nikita Greentech Recycling has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Nikita Greentech Recycling's Quick Ratio compare to competitors?
According to the Forest Products industry distribution chart, Nikita Greentech Recycling ranks #95 out of 286 companies for Quick Ratio. This puts Nikita Greentech Recycling in the upper half of its industry. The industry median Quick Ratio is 0.93. Nikita Greentech Recycling's value of 1.38 is 48.4% above this benchmark. Historically, Nikita Greentech Recycling's own Quick Ratio has ranged from 0.93 to 1.38 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.93, Nikita Greentech Recycling 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 Forest Products company?
The median Quick Ratio among Forest Products companies is 0.93, based on 286 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. Nikita Greentech Recycling's current Quick Ratio of 1.38 is 48.4% 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 Nikita Greentech Recycling 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. Nikita Greentech Recycling's current Quick Ratio is 1.38, which is 44% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikita Greentech Recycling stock overvalued right now?
Nikita Greentech Recycling (NSE:NIKITA) has a current Quick Ratio of 1.38. The current Quick Ratio is 1.38, which is 44% above median its 10-year median of 0.96 and 48.4% above the Forest Products industry median of 0.93. Nikita Greentech Recycling's overall GF Score™ is 11/100 with 6 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 Nikita Greentech Recycling (NSE:NIKITA), the current Quick Ratio is 1.38 as of Mar. 2026. 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.
Nikita Greentech Recycling Ltd, formerly Nikita Papers Ltd is a manufacturers of recycled kraft paper. It is manufacturing Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) ranges. The company has only one segment: Business of Kraft Paper Manufacturing.
11GF Score
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