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Goldkart Jewels (NSE:GOLDKART) Quick Ratio : 1.72 (As of Mar. 2023)


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What is Goldkart Jewels 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. Goldkart Jewels's quick ratio for the quarter that ended in Mar. 2023 was 1.72.

Goldkart Jewels has a quick ratio of 1.72. It generally indicates good short-term financial strength.

The historical rank and industry rank for Goldkart Jewels's Quick Ratio or its related term are showing as below:

NSE:GOLDKART' s Quick Ratio Range Over the Past 10 Years
Min: 0.03   Med: 1.28   Max: 1.72
Current: 1.72

During the past 7 years, Goldkart Jewels's highest Quick Ratio was 1.72. The lowest was 0.03. And the median was 1.28.

NSE:GOLDKART's Quick Ratio is ranked better than
77.18% of 1122 companies
in the Retail - Cyclical industry
Industry Median: 0.87 vs NSE:GOLDKART: 1.72

Goldkart Jewels Quick Ratio Historical Data

The historical data trend for Goldkart Jewels'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.

Goldkart Jewels Quick Ratio Chart

Goldkart Jewels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Quick Ratio
Get a 7-Day Free Trial 0.59 1.56 1.28 1.39 1.72

Goldkart Jewels Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.28 1.54 1.39 1.70 1.72

Competitive Comparison of Goldkart Jewels's Quick Ratio

For the Luxury Goods subindustry, Goldkart Jewels'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.


Goldkart Jewels's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Goldkart Jewels's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Goldkart Jewels's Quick Ratio falls into.



Goldkart Jewels 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.

Goldkart Jewels'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
=(357.874-157.574)/116.12
=1.72

Goldkart Jewels's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(357.874-157.574)/116.12
=1.72

* 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.


Goldkart Jewels  (NSE:GOLDKART) 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.


Goldkart Jewels Quick Ratio Related Terms

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Goldkart Jewels (NSE:GOLDKART) Business Description

Traded in Other Exchanges
N/A
Address
Mansi Cross Road, 7, Millenium Plaza, Opposite Swaminarayan Mandir, Vastrapur, Ahmedabad, GJ, IND, 380015
Goldkart Jewels Ltd is engaged in the trading business of jewellery and ornaments. It offers gold Jewellery, diamond and platinum jewels and a variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Finger Rings, Bracelets, and various other items.

Goldkart Jewels (NSE:GOLDKART) Headlines

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