GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Upsurge Seeds of Agriculture Ltd (NSE:USASEEDS) » Definitions » Quick Ratio

Upsurge Seeds of Agriculture (NSE:USASEEDS) Quick Ratio : 0.18 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Upsurge Seeds of Agriculture 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. Upsurge Seeds of Agriculture's quick ratio for the quarter that ended in Mar. 2024 was 0.18.

Upsurge Seeds of Agriculture has a quick ratio of 0.18. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Upsurge Seeds of Agriculture's Quick Ratio or its related term are showing as below:

NSE:USASEEDS' s Quick Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.3   Max: 0.79
Current: 0.18

During the past 5 years, Upsurge Seeds of Agriculture's highest Quick Ratio was 0.79. The lowest was 0.18. And the median was 0.30.

NSE:USASEEDS's Quick Ratio is ranked worse than
96.83% of 252 companies
in the Agriculture industry
Industry Median: 1.02 vs NSE:USASEEDS: 0.18

Upsurge Seeds of Agriculture Quick Ratio Historical Data

The historical data trend for Upsurge Seeds of Agriculture'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.

Upsurge Seeds of Agriculture Quick Ratio Chart

Upsurge Seeds of Agriculture Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
0.51 0.79 0.27 0.30 0.18

Upsurge Seeds of Agriculture Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Quick Ratio Get a 7-Day Free Trial 0.27 3.64 0.30 0.77 0.18

Competitive Comparison of Upsurge Seeds of Agriculture's Quick Ratio

For the Agricultural Inputs subindustry, Upsurge Seeds of Agriculture'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.


Upsurge Seeds of Agriculture's Quick Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Upsurge Seeds of Agriculture's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Upsurge Seeds of Agriculture's Quick Ratio falls into.



Upsurge Seeds of Agriculture 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.

Upsurge Seeds of Agriculture'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
=(880.594-794.588)/465.916
=0.18

Upsurge Seeds of Agriculture'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
=(880.594-794.588)/465.916
=0.18

* 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.


Upsurge Seeds of Agriculture  (NSE:USASEEDS) 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.


Upsurge Seeds of Agriculture Quick Ratio Related Terms

Thank you for viewing the detailed overview of Upsurge Seeds of Agriculture's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Upsurge Seeds of Agriculture (NSE:USASEEDS) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 17, Shreenathji Industrial Estate, National Highway 8-B, Kuvadva, Rajkot, GJ, IND, 360023
Upsurge Seeds of Agriculture Ltd is a seeds manufacturing company engaged in the business of growing, developing, processing and marketing a variety of seeds for a range of field crops and vegetables. The company's product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek and others.

Upsurge Seeds of Agriculture (NSE:USASEEDS) Headlines

No Headlines