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Bajaj Consumer Care (NSE:BAJAJCON) Quick Ratio : 0.00 (As of Dec. 2023)


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What is Bajaj Consumer Care 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. Bajaj Consumer Care's quick ratio for the quarter that ended in Dec. 2023 was 0.00.

Bajaj Consumer Care 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 Bajaj Consumer Care's Quick Ratio or its related term are showing as below:

NSE:BAJAJCON' s Quick Ratio Range Over the Past 10 Years
Min: 1.48   Med: 4.32   Max: 6.14
Current: 1.48

During the past 13 years, Bajaj Consumer Care's highest Quick Ratio was 6.14. The lowest was 1.48. And the median was 4.32.

NSE:BAJAJCON's Quick Ratio is ranked better than
64.49% of 1912 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs NSE:BAJAJCON: 1.48

Bajaj Consumer Care Quick Ratio Historical Data

The historical data trend for Bajaj Consumer Care'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.

Bajaj Consumer Care Quick Ratio Chart

Bajaj Consumer Care Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.64 3.53 4.97 5.84 5.45

Bajaj Consumer Care Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 5.45 - 1.48 -

Competitive Comparison of Bajaj Consumer Care's Quick Ratio

For the Household & Personal Products subindustry, Bajaj Consumer Care'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.


Bajaj Consumer Care's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bajaj Consumer Care's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bajaj Consumer Care's Quick Ratio falls into.



Bajaj Consumer Care 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.

Bajaj Consumer Care's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(7313.299-512.814)/1248.294
=5.45

Bajaj Consumer Care's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/0
=

* 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.


Bajaj Consumer Care  (NSE:BAJAJCON) 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.


Bajaj Consumer Care Quick Ratio Related Terms

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Bajaj Consumer Care (NSE:BAJAJCON) Business Description

Traded in Other Exchanges
Address
Old Station Road, Sevashram, Chouraha, Udaipur, RJ, IND, 313 001
Bajaj Consumer Care Ltd is an India-based company that is principally engaged in developing and distributing haircare and skincare products. It provides a number of hair oil products Bajaj Almond Drops Hair Oil, Bajaj Amla Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Kailash Parbat Hair Oil, and Bajaj Jasmine Hair Oil, with Bajaj Almond Drops Hair Oil the flagship product that contributes the majority of the company's total revenue. It also offers skincare products, with products categorized into cream, face wash, soap, scrub, and face pack. It has one segment Cosmetics, Toiletries and Other Personal Care products. It generates most of its revenue from the domestic market, and has a presence in overseas markets as well, mainly in the SAARC, Gulf and Middle-East, ASEAN, and African regions.

Bajaj Consumer Care (NSE:BAJAJCON) Headlines

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