Surat Textile Fundamental Relationships

SURATEX -- India Stock  

INR 2.54  0.18  7.63%

The Drivers Module shows relationships between Surat Textile's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Surat Textile Mills Limited over time as well as its relative position and ranking within its peers. Also please take a look at World Market Map

Surat Textile Mills Current Ratio vs. Price to Book Fundamental Analysis

Surat Textile Mills Limited is rated below average in price to book category among related companies. It is currently regarded as top stock in current ratio category among related companies fabricating about  6.28  of Current Ratio per Price to Book.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is accounting value of assets minus liabilities.
Surat Textile 
P/B 
 = 
MV Per Share 
BV Per Share 
=
0.54X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Surat Textile 
Current Ratio 
 = 
Current Asset 
Current Liabilities 
=
3.39X
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).

Surat Textile Mills Current Ratio Comparison

Surat Textile is currently under evaluation in current ratio category among related companies.
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