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. Univastu India's quick ratio for the quarter that ended in Dec. 2023 was 0.00.
Univastu India 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 Univastu India's Quick Ratio or its related term are showing as below:
NSE:UNIVASTU'
s Quick Ratio Range Over the Past 10 Years
Min: 0.48 Med: 1.24 Max: 1.89
Current: 1.57
During the past 11 years, Univastu India's highest Quick Ratio was 1.89. The lowest was 0.48. And the median was 1.24.
NSE:UNIVASTU's Quick Ratio is ranked better than 65.03% of 1687
companies
in the Construction industry
Industry Median: 1.28
vs NSE:UNIVASTU: 1.57
Univastu India Quick Ratio Historical Data
The historical data trend for Univastu India'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 Univastu India's Quick Ratio
For the Engineering & Construction subindustry, Univastu India'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.
Univastu India's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Univastu India's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Univastu India's Quick Ratio falls into.
Univastu India 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.
Univastu India's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
Univastu India (NSE:UNIVASTU) 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.
Univastu India Quick Ratio Related Terms
Thank you for viewing the detailed overview of Univastu India's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Univastu India (NSE:UNIVASTU) Business Description
Univastu India Ltd is an infrastructure, construction, and regeneration company. It provides integrated engineering, procurement, and construction services (EPC) for civil and structural construction and infrastructure sector projects. The company is also engaged in the trading of construction materials such as steel, cement, and electrical materials. It focuses on Civil construction projects, which include structures such as Metro Stations, Sports Complex projects, Hospitals, multipurpose halls, commercial structures, Hospitals, Cold storage, Educational Institutions, mass housing projects; Water supply and drainage; roads and bridges, and major and Minor irrigation projects. The company derives its key revenue from receipts from infrastructure contracts.
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