Genus Paper & Boards has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Genus Paper & Boards's Quick Ratio or its related term are showing as below:
BOM:538961'
s Quick Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.98 Max: 1.34
Current: 0.48
During the past 10 years, Genus Paper & Boards's highest Quick Ratio was 1.34. The lowest was 0.48. And the median was 0.98.
BOM:538961's Quick Ratio is ranked worse than 84.35% of 294
companies
in the Forest Products industry
Industry Median: 1.055
vs BOM:538961: 0.48
Genus Paper & Boards Quick Ratio Historical Data
The historical data trend for Genus Paper & Boards'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 Genus Paper & Boards's Quick Ratio
For the Paper & Paper Products subindustry, Genus Paper & Boards'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.
Genus Paper & Boards's Quick Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Genus Paper & Boards's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Genus Paper & Boards's Quick Ratio falls into.
Genus Paper & Boards 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.
Genus Paper & Boards's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
Genus Paper & Boards (BOM:538961) 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.
Genus Paper & Boards Quick Ratio Related Terms
Thank you for viewing the detailed overview of Genus Paper & Boards's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Genus Paper & Boards (BOM:538961) Business Description
Genus Paper & Boards Ltd is engaged in the business of manufacture of Kraft paper and M.S. Ingot. The company operates in a single segment which is Kraft Paper and allied product. Kraft paper is classified as industrial paper and is used by the packaging industry in making corrugated boxes and liners, corrugated sacks, and composite containers. The company has two paper plants within factory premises. One waste paper-based is for manufacturing multi-layered Kraft paper and the second for manufacturing of Kraft paper. The use of ingots goes into the housing and infrastructure sector.
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