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. Filtra Consultants and Engineers's quick ratio for the quarter that ended in Mar. 2022 was 0.87.
Filtra Consultants and Engineers has a quick ratio of 0.87. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Filtra Consultants and Engineers's Quick Ratio or its related term are showing as below:
BOM:539098'
s Quick Ratio Range Over the Past 10 Years
Min: 0.79 Med: 1.01 Max: 1.48
Current: 0.87
During the past 8 years, Filtra Consultants and Engineers's highest Quick Ratio was 1.48. The lowest was 0.79. And the median was 1.01.
BOM:539098's Quick Ratio is ranked worse than 76.47% of 2848
companies
in the Industrial Products industry
Industry Median: 1.37
vs BOM:539098: 0.87
Filtra Consultants and Engineers Quick Ratio Historical Data
The historical data trend for Filtra Consultants and Engineers'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.
Filtra Consultants and Engineers Annual Data
Trend
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Quick Ratio
1.48
0.94
0.79
0.87
0.87
Filtra Consultants and Engineers Semi-Annual Data
Sep14
Mar15
Sep15
Mar16
Sep16
Mar17
Sep17
Mar18
Sep18
Mar19
Sep19
Mar20
Sep20
Mar21
Sep21
Mar22
Quick Ratio
0.79
0.90
0.87
0.83
0.87
Competitive Comparison
For the Pollution & Treatment Controls subindustry, Filtra Consultants and Engineers'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.
Filtra Consultants and Engineers Quick Ratio Distribution
For the Industrial Products industry and Industrials sector, Filtra Consultants and Engineers's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Filtra Consultants and Engineers's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.
Filtra Consultants and Engineers 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.
Filtra Consultants and Engineers's Quick Ratio for the fiscal year that ended in Mar. 2022 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.
Filtra Consultants and Engineers (BOM:539098) 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.
Filtra Consultants and Engineers Quick Ratio Related Terms
Thank you for viewing the detailed overview of Filtra Consultants and Engineers's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Filtra Consultants and Engineers (BOM:539098) Business Description
Filtra Consultants and Engineers Ltd is an India based company engaged in the business of selling water treatment products and provides related services. It trades in water treatment products such as multiport valves, dosing systems, electronic dosing pumps, pressure vessels, conductivity meters, rotameters, among others. The company also has a business-to-business (B2B) e-commerce website for water treatment components. Its business activity falls under the primary segment of the Trading and manufacturing activity of the water treatment system. The organization sells its products in India and also exports them internationally.
Filtra Consultants and Engineers (BOM:539098) Headlines
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