Systango Technologies has a quick ratio of 10.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for Systango Technologies's Quick Ratio or its related term are showing as below:
NSE:SYSTANGO'
s Quick Ratio Range Over the Past 10 Years
Min: 2.59 Med: 4.34 Max: 10.56
Current: 10.56
During the past 5 years, Systango Technologies's highest Quick Ratio was 10.56. The lowest was 2.59. And the median was 4.34.
NSE:SYSTANGO's Quick Ratio is ranked better than 96.61% of 2831
companies
in the Software industry
Industry Median: 1.65
vs NSE:SYSTANGO: 10.56
Systango Technologies Quick Ratio Historical Data
The historical data trend for Systango Technologies'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 Systango Technologies's Quick Ratio
For the Software - Infrastructure subindustry, Systango Technologies'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.
Systango Technologies's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Systango Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Systango Technologies's Quick Ratio falls into.
Systango Technologies 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.
Systango Technologies'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.
Systango Technologies (NSE:SYSTANGO) 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.
Systango Technologies Quick Ratio Related Terms
Thank you for viewing the detailed overview of Systango Technologies's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Systango Technologies (NSE:SYSTANGO) Business Description
Systango Technologies Ltd is engaged in the business of providing software solutions to design, implement, and manage their own Customized Digital Platforms including Web2, Web3, and Mobile applications, with an emphasis on data and analytics. The range of software solutions provided by the company is wide and includes website development, mobile app development for both IOS and Android applications, web3 development, decentralized finance, data engineering, implementation of blockchain, cloud computing, and digital marketing. Systango offers its services across various sectors like Hospitality, Property Tech, Financial Services, Fantasy Sports, and many others.
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