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Poonawalla Fincorp (BOM:524000) Quick Ratio : 6,676.33 (As of Mar. 2024)


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What is Poonawalla Fincorp Quick Ratio?

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. Poonawalla Fincorp's quick ratio for the quarter that ended in Mar. 2024 was 6,676.33.

Poonawalla Fincorp has a quick ratio of 6,676.33. It generally indicates good short-term financial strength.

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

BOM:524000' s Quick Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.74   Max: 6676.33
Current: 6676.33

During the past 13 years, Poonawalla Fincorp's highest Quick Ratio was 6676.33. The lowest was 0.54. And the median was 0.74.

BOM:524000's Quick Ratio is ranked better than
97.91% of 382 companies
in the Credit Services industry
Industry Median: 4.735 vs BOM:524000: 6676.33

Poonawalla Fincorp Quick Ratio Historical Data

The historical data trend for Poonawalla Fincorp'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.

Poonawalla Fincorp Quick Ratio Chart

Poonawalla Fincorp Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.80 1.56 1.35 6,676.33

Poonawalla Fincorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial 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 1.35 - 156.15 - 6,676.33

Competitive Comparison of Poonawalla Fincorp's Quick Ratio

For the Credit Services subindustry, Poonawalla Fincorp'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.


Poonawalla Fincorp's Quick Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Poonawalla Fincorp's Quick Ratio distribution charts can be found below:

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



Poonawalla Fincorp 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.

Poonawalla Fincorp's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(225660.1-0)/33.8
=6,676.33

Poonawalla Fincorp's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(225660.1-0)/33.8
=6,676.33

* 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.


Poonawalla Fincorp  (BOM:524000) 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.


Poonawalla Fincorp Quick Ratio Related Terms

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Poonawalla Fincorp (BOM:524000) Business Description

Traded in Other Exchanges
Address
Mundhwa Road, A-201 and 202, 2nd floor, AP81, Koregaon Park Annex, Near Raga Lawns, Mundhwa, Pune, MH, IND, 411036
Poonawalla Fincorp Ltd is a non-banking finance company engaged in providing asset finance. The company is Financing for Tractors, Commercial Vehicle, Construction Equipment, Cars, Used Vehicles, mortgage and loans to micro, small and medium enterprises (MSME). Its only operating segment is financing. Geographically, it derives revenue from India.

Poonawalla Fincorp (BOM:524000) Headlines

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