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. Sagardeep Alloys's quick ratio for the quarter that ended in Dec. 2022 was 0.00.
Sagardeep Alloys 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 Sagardeep Alloys's Quick Ratio or its related term are showing as below:
NSE:SAGARDEEP'
s Quick Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.2 Max: 1.49
Current: 1.39
During the past 9 years, Sagardeep Alloys's highest Quick Ratio was 1.49. The lowest was 0.80. And the median was 1.20.
NSE:SAGARDEEP's Quick Ratio is ranked worse than 61.3% of 2610
companies
in the Metals & Mining industry
Industry Median: 2.29
vs NSE:SAGARDEEP: 1.39
Sagardeep Alloys Quick Ratio Historical Data
The historical data trend for Sagardeep Alloys'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.
Sagardeep Alloys Annual Data
Trend
Mar11
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Quick Ratio
1.49
1.30
1.15
1.26
1.39
Sagardeep Alloys Quarterly Data
Mar16
Sep16
Mar17
Mar18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Dec22
Quick Ratio
1.12
-
1.39
-
-
Competitive Comparison
For the Copper subindustry, Sagardeep Alloys'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.
Sagardeep Alloys Quick Ratio Distribution
For the Metals & Mining industry and Basic Materials sector, Sagardeep Alloys's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sagardeep Alloys'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.
Sagardeep Alloys 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.
Sagardeep Alloys'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.
Sagardeep Alloys (NSE:SAGARDEEP) 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.
Sagardeep Alloys Quick Ratio Related Terms
Thank you for viewing the detailed overview of Sagardeep Alloys's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sagardeep Alloys (NSE:SAGARDEEP) Business Description
Sagardeep Alloys Ltd manufactures basic precious and non-ferrous alloys. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper and brass products such as pipes and tubes and trading of stainless steel, copper, brass, and other metal product. Its product offering consists of Gilding Metal, Commercial Bronze, Red Brass, Low Brass, Cartridge Brass, Yellow Brass, Muntz Metal, Cupro Nickel Tubes and Pipe, Cupro Nickel Rods, Stainless Steel Scrap Grades, Stainless Steel Pipes and Tubes, Stainless Steel Sheets / Plates, Stainless Steel Coils, Stainless Steel Bars, Copper Pipes and Tubes, Copper Flats, Copper Coils, Copper Rod, Copper Anodes / Nuggets, Copper Plates, Oxygen Free Copper.
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