Opal Luxury Time Products has a quick ratio of 0.12. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Opal Luxury Time Products's Quick Ratio or its related term are showing as below:
NSE:OPAL's Quick Ratio is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 1.26 * Ranked among companies with meaningful Quick Ratio only.
Opal Luxury Time Products (NSE:OPAL) 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.
Opal Luxury Time Products Quick Ratio Related Terms
Opal Luxury Time Products 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.
NSE:OPAL vs FBHS, WHR, MHK: Quick Ratio Comparison
For the Furnishings, Fixtures & Appliances subindustry, Opal Luxury Time Products'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.
Opal Luxury Time Products Quick Ratio vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Opal Luxury Time Products's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Opal Luxury Time Products'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.
Opal Luxury Time Products's Quick Ratio for the fiscal year that ended in Mar. 2018 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.
Opal Luxury Time Products (NSE:OPAL) has a Quick Ratio of 0.12 as of Sep. 2019. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Opal Luxury Time Products and its competitors.
Is Opal Luxury Time Products' Quick Ratio too high?
Opal Luxury Time Products' current Quick Ratio is 0.12. The Furnishings, Fixtures & Appliances industry median Quick Ratio is 1.26. Opal Luxury Time Products' value of 0.12 is 90.5% below this industry median.
How does Opal Luxury Time Products' Quick Ratio compare to FBHS and WHR?
Opal Luxury Time Products' Quick Ratio of 0.12 can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Quick Ratio is 1.26. Opal Luxury Time Products' value of 0.12 is 90.5% below 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 Furnishings, Fixtures & Appliances company?
The median Quick Ratio among Furnishings, Fixtures & Appliances companies is 1.26, based on 433 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. Opal Luxury Time Products's current Quick Ratio of 0.12 is 90.5% below 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 Opal Luxury Time Products and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Quick Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opal Luxury Time Products's current Quick Ratio is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opal Luxury Time Products stock overvalued right now?
Opal Luxury Time Products (NSE:OPAL) has a current Quick Ratio of 0.12. The current Quick Ratio is 0.12 and 90.5% below the Furnishings, Fixtures & Appliances industry median of 1.26. 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 Opal Luxury Time Products (NSE:OPAL), the current Quick Ratio is 0.12 as of Sep. 2019. 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.
Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home decor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:OPAL has been successfully added to your 