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Marble City India (BOM:531281) Quick Ratio

: 0.00 (As of Dec. 2023)
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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. Marble City India's quick ratio for the quarter that ended in Dec. 2023 was 0.00.

Marble City 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 Marble City India's Quick Ratio or its related term are showing as below:

BOM:531281' s Quick Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.68   Max: 0.88
Current: 0.88

During the past 13 years, Marble City India's highest Quick Ratio was 0.88. The lowest was 0.55. And the median was 0.68.

BOM:531281's Quick Ratio is ranked worse than
76.81% of 1673 companies
in the Construction industry
Industry Median: 1.28 vs BOM:531281: 0.88

Marble City India Quick Ratio Historical Data

The historical data trend for Marble City 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.

* Premium members only.

Marble City India Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.61 0.74 0.75 0.74

Marble City India Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.74 - 0.88 -

Competitive Comparison

For the Building Products & Equipment subindustry, Marble City 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.


Marble City India Quick Ratio Distribution

For the Construction industry and Industrials sector, Marble City India's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Marble City India's Quick Ratio falls into.



Marble City 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.

Marble City India'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
=(972.604-656.933)/425.262
=0.74

Marble City India's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(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.


Marble City India  (BOM:531281) 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.


Marble City India Quick Ratio Related Terms

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Marble City India (BOM:531281) Business Description

Traded in Other Exchanges
N/A
Address
Kailash Colony, A -30, S-11, Second Floor, New Delhi, IND, 110048
Marble City India Ltd is an India-based company mainly engaged in the business activity of manufacturing and trading of marbles and slabs. It is involved in cutting, finishing, and trading imported marbles. The group majorly markets its products in India. The company supplies its products for projects such as hotels, shopping malls, premium residential complexes, clubs, motels, factories, corporate headquarters, offices, and others.

Marble City India (BOM:531281) Headlines

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