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. PNB Gilts's quick ratio for the quarter that ended in Mar. 2024 was 58.07.
PNB Gilts has a quick ratio of 58.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for PNB Gilts's Quick Ratio or its related term are showing as below:
BOM:532366'
s Quick Ratio Range Over the Past 10 Years
Min: 0.03 Med: 1.09 Max: 58.07
Current: 58.07
During the past 13 years, PNB Gilts's highest Quick Ratio was 58.07. The lowest was 0.03. And the median was 1.09.
BOM:532366's Quick Ratio is ranked better than 90.72% of 668
companies
in the Capital Markets industry
Industry Median: 2.025
vs BOM:532366: 58.07
PNB Gilts Quick Ratio Historical Data
The historical data trend for PNB Gilts'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.
For the Capital Markets subindustry, PNB Gilts'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.
PNB Gilts's Quick Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PNB Gilts's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PNB Gilts's Quick Ratio falls into.
PNB Gilts 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.
PNB Gilts'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.
PNB Gilts (BOM:532366) 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.
PNB Gilts Quick Ratio Related Terms
Thank you for viewing the detailed overview of PNB Gilts's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PNB Gilts Ltd is engaged in the business of dealing with government securities. The company offers Treasury-Bills/Commercial paper/ Certificates of deposit, Corporate bonds, and debentures, Government securities, Derivatives, Fixed deposits, and Mutual funds. Its primary activities include supporting government borrowing programs through the underwriting of government securities issuances and trading in a gamut of fixed-income instruments, such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments, such as certificates of deposits and commercial papers. In addition, it offers Gilts accounts.
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