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Nxt-Infra Trust (NSE:NXT-INFRA) Quick Ratio : 0.00 (As of Sep. 2024)


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What is Nxt-Infra Trust Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Nxt-Infra Trust's quick ratio for the quarter that ended in Sep. 2024 was 0.00.

Nxt-Infra Trust 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 Nxt-Infra Trust's Quick Ratio or its related term are showing as below:

NSE:NXT-INFRA' s Quick Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.43   Max: 3.74
Current: 3.74

During the past 3 years, Nxt-Infra Trust's highest Quick Ratio was 3.74. The lowest was 1.10. And the median was 1.43.

NSE:NXT-INFRA's Quick Ratio is ranked better than
84.18% of 771 companies
in the REITs industry
Industry Median: 0.96 vs NSE:NXT-INFRA: 3.74

Nxt-Infra Trust Quick Ratio Historical Data

The historical data trend for Nxt-Infra Trust'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.

* Premium members only.

Nxt-Infra Trust Quick Ratio Chart

Nxt-Infra Trust Annual Data
Trend Mar21 Mar22 Mar23
Quick Ratio
1.10 1.43 3.74

Nxt-Infra Trust Semi-Annual Data
Mar21 Mar22 Mar23 Sep24
Quick Ratio 1.10 1.43 3.74 -

Competitive Comparison of Nxt-Infra Trust's Quick Ratio

For the REIT - Specialty subindustry, Nxt-Infra Trust'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.


Nxt-Infra Trust's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nxt-Infra Trust's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Nxt-Infra Trust's Quick Ratio falls into.


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Nxt-Infra Trust 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.

Nxt-Infra Trust's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(9826.628-0)/2624.797
=3.74

Nxt-Infra Trust's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/0
=

* 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.


Nxt-Infra Trust  (NSE:NXT-INFRA) 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.


Nxt-Infra Trust Quick Ratio Related Terms

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Nxt-Infra Trust Business Description

Traded in Other Exchanges
N/A
Address
Dr. C. G. Road, Office no. 501, Vikas Hub, Vikas Center, Next to Cubic Mall, Chembur East, Wadavali Village, Mumbai, MH, IND, 4000074
Nxt-Infra Trust is an Indian infrastructure investment trust which proposes to invest in road infrastructure assets in India. The Trust proposes to have an initial portfolio of six Project SPVs comprising 14 road stretches spanning an aggregate length of over 2000 lane kilometres, located across Delhi, Haryana, Uttarakhand, Uttar Pradesh and Maharashtra in India. The portfolio is a mix of toll and annuity assets.

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