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Fortis Malar Hospitals (BOM:523696) Quick Ratio : 17.68 (As of Mar. 2024)


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What is Fortis Malar Hospitals 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. Fortis Malar Hospitals's quick ratio for the quarter that ended in Mar. 2024 was 17.68.

Fortis Malar Hospitals has a quick ratio of 17.68. It generally indicates good short-term financial strength.

The historical rank and industry rank for Fortis Malar Hospitals's Quick Ratio or its related term are showing as below:

BOM:523696' s Quick Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.58   Max: 17.68
Current: 17.68

During the past 13 years, Fortis Malar Hospitals's highest Quick Ratio was 17.68. The lowest was 1.50. And the median was 2.58.

BOM:523696's Quick Ratio is ranked better than
75.78% of 677 companies
in the Healthcare Providers & Services industry
Industry Median: 1.2 vs BOM:523696: 17.68

Fortis Malar Hospitals Quick Ratio Historical Data

The historical data trend for Fortis Malar Hospitals'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.

Fortis Malar Hospitals Quick Ratio Chart

Fortis Malar Hospitals 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 1.70 2.36 1.50 2.63 17.68

Fortis Malar Hospitals 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 2.63 - 2.44 - 17.68

Competitive Comparison of Fortis Malar Hospitals's Quick Ratio

For the Medical Care Facilities subindustry, Fortis Malar Hospitals'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.


Fortis Malar Hospitals's Quick Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fortis Malar Hospitals's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Fortis Malar Hospitals's Quick Ratio falls into.



Fortis Malar Hospitals 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.

Fortis Malar Hospitals'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
=(1132.921-0)/64.065
=17.68

Fortis Malar Hospitals'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
=(1132.921-0)/64.065
=17.68

* 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.


Fortis Malar Hospitals  (BOM:523696) 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.


Fortis Malar Hospitals Quick Ratio Related Terms

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Fortis Malar Hospitals (BOM:523696) Business Description

Traded in Other Exchanges
N/A
Address
Fortis Hospital, Sector 62, Phase VIII, Mohali, PB, IND, 160062
Fortis Malar Hospitals Ltd is an India-based company engaged in the provision of healthcare services. It focuses on providing medical care in the areas of cardiology and cardiac surgery, neurosurgery, gynecology, orthopedics, gastroenterology, neurology, pediatrics, diabetics, nephrology, and internal medicine. The company provides healthcare services in various branches of medicine such as general surgery, general medicine, pediatrics, neurology, cardiology, ophthalmology, radiology, pathology, gastroenterology, urology, thoracic surgery, plastic surgery, and other allied specialties.

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