Info Edge (India) has a quick ratio of 2.90. It generally indicates good short-term financial strength.
The historical rank and industry rank for Info Edge (India)'s Quick Ratio or its related term are showing as below:
NSE:NAUKRI'
s Quick Ratio Range Over the Past 10 Years
Min: 2.38 Med: 3.02 Max: 4.47
Current: 2.9
During the past 13 years, Info Edge (India)'s highest Quick Ratio was 4.47. The lowest was 2.38. And the median was 3.02.
NSE:NAUKRI's Quick Ratio is ranked better than 66.39% of 595
companies
in the Interactive Media industry
Industry Median: 1.91
vs NSE:NAUKRI: 2.90
Info Edge (India) Quick Ratio Historical Data
The historical data trend for Info Edge (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 Info Edge (India)'s Quick Ratio
For the Internet Content & Information subindustry, Info Edge (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.
Info Edge (India)'s Quick Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Info Edge (India)'s Quick Ratio distribution charts can be found below:
* The bar in red indicates where Info Edge (India)'s Quick Ratio falls into.
Info Edge (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.
Info Edge (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.
Info Edge (India) (NSE:NAUKRI) 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.
Info Edge (India) Quick Ratio Related Terms
Thank you for viewing the detailed overview of Info Edge (India)'s Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Info Edge (India) (NSE:NAUKRI) Business Description
Info Edge (India) Ltd is a technology company engaged in offering online services in areas like recruitment, matrimony, real estate, and education. The business segments of the company are Recruitment solutions, 99acres for real State, and Others. The Recruitment Solutions business comprises the www.naukri.com, www.quadrangle.com, www.naukrigulf.com, www.firstnaukri.com, and fast forward candidate services. 99acres.com derives its revenues from property listings, builders' and brokers' branding and visibility through microsites, home page links and banners servicing real estate developers, builders and brokers. It derives key revenue from the Recruitment solutions segment. The company sells its services to the customers located in India internationally.
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