|RDY -- USA Stock|| |
USD 39.88 1.10 2.84%
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Dr Reddys Current Ratio Analysis
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
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About Current Ratio
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e. Current Ration of 2 to 1).
In accordance with recently published financial statements Dr Reddys Laboratories Ltd has Current Ratio of 1.89 times. This is 35.05% lower than that of the Healthcare sector, and 44.9% lower than that of Drug Manufacturers - Specialty & Generic
industry, The Current Ratio for all stocks is 12.5% higher than the company.
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Dr Reddys current financial ratios