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APL Apollo Tubes (NSE:APLAPOLLO) Quick Ratio : 0.68 (As of Mar. 2024)


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What is APL Apollo Tubes 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. APL Apollo Tubes's quick ratio for the quarter that ended in Mar. 2024 was 0.68.

APL Apollo Tubes has a quick ratio of 0.68. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for APL Apollo Tubes's Quick Ratio or its related term are showing as below:

NSE:APLAPOLLO' s Quick Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.49   Max: 0.69
Current: 0.68

During the past 13 years, APL Apollo Tubes's highest Quick Ratio was 0.69. The lowest was 0.36. And the median was 0.49.

NSE:APLAPOLLO's Quick Ratio is ranked worse than
70.68% of 631 companies
in the Steel industry
Industry Median: 1.03 vs NSE:APLAPOLLO: 0.68

APL Apollo Tubes Quick Ratio Historical Data

The historical data trend for APL Apollo Tubes'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.

APL Apollo Tubes Quick Ratio Chart

APL Apollo Tubes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.54 0.69 0.49 0.68

APL Apollo Tubes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.49 - 0.65 - 0.68

Competitive Comparison of APL Apollo Tubes's Quick Ratio

For the Steel subindustry, APL Apollo Tubes'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.


APL Apollo Tubes's Quick Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, APL Apollo Tubes's Quick Ratio distribution charts can be found below:

* The bar in red indicates where APL Apollo Tubes's Quick Ratio falls into.



APL Apollo Tubes 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.

APL Apollo Tubes's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(33413.6-16379.3)/24954.2
=0.68

APL Apollo Tubes's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(33413.6-16379.3)/24954.2
=0.68

* 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.


APL Apollo Tubes  (NSE:APLAPOLLO) 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.


APL Apollo Tubes Quick Ratio Related Terms

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APL Apollo Tubes (NSE:APLAPOLLO) Business Description

Traded in Other Exchanges
Address
36, Kaushambi, Near Anand Vihar Terminal, Ghaziabad, UP, IND, 201010
APL Apollo Tubes Ltd is a steel pipe and tubes manufacturer. Its product portfolio consists of MS Black pipes, Galvanized Tubes, Pre-Galvanized Tubes, and Hollow sections used for structural application household structural applications, solar plants, agriculture structures, engineering, and greenhouses. It operates in a single segment that is the production of ERW steel tubes. Geographically, It operates only in India.

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