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TripBorn Quick Ratio

: 0.28 (As of Dec. 2020)
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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. TripBorn's quick ratio for the quarter that ended in Dec. 2020 was 0.28.

TripBorn has a quick ratio of 0.28. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for TripBorn's Quick Ratio or its related term are showing as below:


TripBorn Quick Ratio Historical Data

The historical data trend for TripBorn'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.

TripBorn Annual Data
Trend Mar17 Mar18 Mar19 Mar20
Quick Ratio
1.73 0.56 0.61 0.37

TripBorn Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 0.60 0.37 0.35 0.31 0.28

Competitive Comparison

For the Lodging subindustry, TripBorn'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.

   

TripBorn Quick Ratio Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, TripBorn's Quick Ratio distribution charts can be found below:

* The bar in red indicates where TripBorn's Quick Ratio falls into.



TripBorn 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.

TripBorn's Quick Ratio for the fiscal year that ended in Mar. 2020 is calculated as

Quick Ratio (A: Mar. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.963-0)/2.571
=0.37

TripBorn's Quick Ratio for the quarter that ended in Dec. 2020 is calculated as

Quick Ratio (Q: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.693-0)/2.494
=0.28

* 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.


TripBorn  (OTCPK:TRRB) 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.


TripBorn Quick Ratio Related Terms

Thank you for viewing the detailed overview of TripBorn's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


TripBorn Business Description

TripBorn logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 721110 SIC : 7011
Traded in Other Exchanges
N/A
Address
762 Perthshire Pl, Near Prahalad Nagar Garden, Satellite, Abingdon, MD, USA, 21009
TripBorn Inc is an online travel agency. The company offers travel reservations and related travel services to travel agents in India. The company operate as a B2B online travel agency that serves travel agents and travel companies based in India in booking travel services and products for their customers. Through its internet-based platform, travel agents can search and book domestic and international air tickets, hotels, vacation packages, rail tickets and bus tickets, as well as ancillary travel-related services and e-commerce money transfer products. The company serves approximately 6,534 agents across India.
Executives
Maxim Partners Llc 10 percent owner C/O MAXIM GROUP LLC 99 SUNNYSIDE BLVD. WOODBURY NY 11797
Mjr Holdings Llc 10 percent owner C/O MAXIM GROUP LLC 99 SUNNYSIDE BLVD. WOODBURY NY 11797
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