The Orissa Minerals Development Quick ratio
What is the Quick ratio of The Orissa Minerals Development?
The Quick ratio of The Orissa Minerals Development Company Limited is 0.34
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Materials sector on NSE compared to The Orissa Minerals Development
What does The Orissa Minerals Development do?
The Orissa Minerals Development Company Limited mines and markets iron ore and manganese ore in India. It also produces and sells sponge iron. The company was incorporated in 1918 and is based in Kolkata, India. The Orissa Minerals Development Company Limited is a subsidiary of Eastern Investments Limited.
Companies with quick ratio similar to The Orissa Minerals Development
- 48North Cannabis has Quick ratio of 0.34
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- The Orissa Minerals Development has Quick ratio of 0.34
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- Lonestar Resources US Inc has Quick ratio of 0.34
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