GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Quick Ratio

Ion Exchange (India) (BOM:500214) Quick Ratio : 1.34 (As of Mar. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Ion Exchange (India) 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. Ion Exchange (India)'s quick ratio for the quarter that ended in Mar. 2023 was 1.34.

Ion Exchange (India) has a quick ratio of 1.34. It generally indicates good short-term financial strength.

The historical rank and industry rank for Ion Exchange (India)'s Quick Ratio or its related term are showing as below:

BOM:500214' s Quick Ratio Range Over the Past 10 Years
Min: 0.87   Med: 0.95   Max: 1.34
Current: 1.34

During the past 13 years, Ion Exchange (India)'s highest Quick Ratio was 1.34. The lowest was 0.87. And the median was 0.95.

BOM:500214's Quick Ratio is ranked worse than
52.35% of 3026 companies
in the Industrial Products industry
Industry Median: 1.395 vs BOM:500214: 1.34

Ion Exchange (India) Quick Ratio Historical Data

The historical data trend for Ion Exchange (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.

* Premium members only.

Ion Exchange (India) Quick Ratio Chart

Ion Exchange (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.04 1.19 1.26 1.34

Ion Exchange (India) Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
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 0.95 1.04 1.19 1.26 1.34

Competitive Comparison of Ion Exchange (India)'s Quick Ratio

For the Pollution & Treatment Controls subindustry, Ion Exchange (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.


Ion Exchange (India)'s Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ion Exchange (India)'s Quick Ratio falls into.



Ion Exchange (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.

Ion Exchange (India)'s Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(16279.074-2222.587)/10513.539
=1.34

Ion Exchange (India)'s Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(16279.074-2222.587)/10513.539
=1.34

* 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.


Ion Exchange (India)  (BOM:500214) 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.


Ion Exchange (India) Quick Ratio Related Terms

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


Ion Exchange (India) (BOM:500214) Business Description

Traded in Other Exchanges
Address
Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011
Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

No Headlines