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. New Delhi Television's quick ratio for the quarter that ended in Dec. 2023 was 0.00.
New Delhi Television 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 New Delhi Television's Quick Ratio or its related term are showing as below:
BOM:532529'
s Quick Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.12 Max: 1.56
Current: 1.5
During the past 13 years, New Delhi Television's highest Quick Ratio was 1.56. The lowest was 0.91. And the median was 1.12.
BOM:532529's Quick Ratio is ranked better than 51.8% of 1056
companies
in the Media - Diversified industry
Industry Median: 1.45
vs BOM:532529: 1.50
New Delhi Television Quick Ratio Historical Data
The historical data trend for New Delhi Television'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 New Delhi Television's Quick Ratio
For the Broadcasting subindustry, New Delhi Television'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.
New Delhi Television's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, New Delhi Television's Quick Ratio distribution charts can be found below:
* The bar in red indicates where New Delhi Television's Quick Ratio falls into.
New Delhi Television 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.
New Delhi Television'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.
New Delhi Television (BOM:532529) 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.
New Delhi Television Quick Ratio Related Terms
Thank you for viewing the detailed overview of New Delhi Television's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
New Delhi Television (BOM:532529) Business Description
New Delhi Television Ltd is in the business of television media and currently operates three channels including a dual channel namely NDTV 24x7, NDTV India and NDTV Profit. The subsidiaries of the company include NDTV Convergence Ltd and NDTV Worldwide Ltd offers consultancy for setting up of local television news channels in emerging markets across the world. The company also has associates and joint venture engaged into different e-commerce businesses on various platforms such as www.Gadgets360.com and www.mojarto.com.
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