Archidply Industries 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 Archidply Industries's Quick Ratio or its related term are showing as below:
BOM:532994'
s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.82 Max: 1
Current: 0.81
During the past 13 years, Archidply Industries's highest Quick Ratio was 1.00. The lowest was 0.59. And the median was 0.82.
BOM:532994's Quick Ratio is ranked worse than 62.24% of 294
companies
in the Forest Products industry
Industry Median: 1.06
vs BOM:532994: 0.81
Archidply Industries Quick Ratio Historical Data
The historical data trend for Archidply Industries'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 Archidply Industries's Quick Ratio
For the Lumber & Wood Production subindustry, Archidply Industries'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.
Archidply Industries's Quick Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Archidply Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Archidply Industries's Quick Ratio falls into.
Archidply Industries 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.
Archidply Industries'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.
Archidply Industries (BOM:532994) 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.
Archidply Industries Quick Ratio Related Terms
Thank you for viewing the detailed overview of Archidply Industries's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Archidply Industries (BOM:532994) Business Description
Archidply Industries Ltd is engaged in manufacturing plywood, decorative plywood, and decorative laminates. The firm operates through two segments: Wood-based product and Paper-based product. The company's Wood-based products segment includes Plywood, Block Boar and Flush Doors etc. whereas Paper-based products segment includes Laminated Sheets (HPL). Its product range comprises of plywood, blockboard and flush doors, pre-laminated board, decorative laminates, and decorative veneers. Firm's products range includes MR Grade Plywood, Densified Film Faced Plywood, Fire Retardant Plywood, Shuttering Plywood, BWR Blockboard, BWP Flush Door, and Teak Block Board. Wood-based products segment continues to be the revenue generator for the company.
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