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. Yatra Online's quick ratio for the quarter that ended in Sep. 2023 was 1.79.
Yatra Online has a quick ratio of 1.79. It generally indicates good short-term financial strength.
The historical rank and industry rank for Yatra Online's Quick Ratio or its related term are showing as below:
BOM:543992'
s Quick Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.08 Max: 1.79
Current: 1.79
During the past 5 years, Yatra Online's highest Quick Ratio was 1.79. The lowest was 0.89. And the median was 1.08.
BOM:543992's Quick Ratio is ranked better than 71.43% of 840
companies
in the Travel & Leisure industry
Industry Median: 1.11
vs BOM:543992: 1.79
Yatra Online Quick Ratio Historical Data
The historical data trend for Yatra Online'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 Yatra Online's Quick Ratio
For the Travel Services subindustry, Yatra Online'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.
Yatra Online's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Yatra Online's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yatra Online's Quick Ratio falls into.
Yatra Online 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.
Yatra Online'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.
Yatra Online (BOM:543992) 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.
Yatra Online Quick Ratio Related Terms
Thank you for viewing the detailed overview of Yatra Online's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Yatra Online Ltd is a company whose business is based on a common technology platform that serves their customers through multiple mobile applications as well as on their own company's website. They also provide other ervices include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:543992 has been successfully added to your