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. TTK Prestige's quick ratio for the quarter that ended in Mar. 2024 was 2.74.
TTK Prestige has a quick ratio of 2.74. It generally indicates good short-term financial strength.
The historical rank and industry rank for TTK Prestige's Quick Ratio or its related term are showing as below:
BOM:517506'
s Quick Ratio Range Over the Past 10 Years
Min: 1.27 Med: 1.65 Max: 2.74
Current: 2.74
During the past 13 years, TTK Prestige's highest Quick Ratio was 2.74. The lowest was 1.27. And the median was 1.65.
BOM:517506's Quick Ratio is ranked better than 83.53% of 425
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.18
vs BOM:517506: 2.74
TTK Prestige Quick Ratio Historical Data
The historical data trend for TTK Prestige'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 TTK Prestige's Quick Ratio
For the Furnishings, Fixtures & Appliances subindustry, TTK Prestige'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.
TTK Prestige's Quick Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TTK Prestige's Quick Ratio distribution charts can be found below:
* The bar in red indicates where TTK Prestige's Quick Ratio falls into.
TTK Prestige 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.
TTK Prestige'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.
TTK Prestige (BOM:517506) 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.
TTK Prestige Quick Ratio Related Terms
Thank you for viewing the detailed overview of TTK Prestige's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
TTK Prestige Ltd is an Indian company that sells a variety of kitchen appliances and products. Although it primarily operates and manufactures its products in India, the company also exports its products to the U.S., Europe, South Africa, Kenya, Australia, Singapore, the Middle East, and Sri Lanka. Its kitchen appliances are divided into the Pressure Cookers group, Cookware group, Kitchen group, and Gas Stoves group among others. The majority of the company's revenue is derived from its operations in India. Despite traditionally selling pressure cookers, the company has shifted its model to be a complete kitchen solution provider. The core brands of the company include Prestige, Prestige Smart Kitchen, and others.
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