The Shipping of India has a quick ratio of 1.19. It generally indicates good short-term financial strength.
The historical rank and industry rank for The Shipping of India's Quick Ratio or its related term are showing as below:
BOM:523598'
s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.81 Max: 1.19
Current: 1.19
During the past 13 years, The Shipping of India's highest Quick Ratio was 1.19. The lowest was 0.50. And the median was 0.81.
BOM:523598's Quick Ratio is ranked worse than 53.13% of 973
companies
in the Transportation industry
Industry Median: 1.26
vs BOM:523598: 1.19
The Shipping of India Quick Ratio Historical Data
The historical data trend for The Shipping of 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.
Competitive Comparison of The Shipping of India's Quick Ratio
For the Marine Shipping subindustry, The Shipping of 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.
The Shipping of India's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, The Shipping of India's Quick Ratio distribution charts can be found below:
* The bar in red indicates where The Shipping of India's Quick Ratio falls into.
The Shipping of 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.
The Shipping of India's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
The Shipping of India (BOM:523598) 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.
The Shipping of India Quick Ratio Related Terms
Thank you for viewing the detailed overview of The Shipping of India's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Shipping of India (BOM:523598) Business Description
The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the others segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.
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