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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM33923
Volume:
8 |
5 |
May 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
This study delves into the solvency and liquidity positions of prominent pharmaceutical companies in India, aiming to provide insights into their financial robustness and ability to meet short-term obligations. Utilizing key financial metrics such as current ratio, quick ratio, and interest coverage ratio, the analysis focuses on Arubinda Pharma, Lupin Ltd., Cipla Ltd., Dr. Reddy’s Laboratories, Sun Pharma, and Torrent Pharma. The findings reveal that Arubinda Pharma consistently exhibits strong liquidity positions, supported by high current and quick ratios. Lupin Ltd., Cipla Ltd., and Dr. Reddy’s Laboratories showcase moderate to high liquidity levels, accompanied by consistently robust interest coverage ratios, indicative of sound debt servicing capabilities. However, Sun Pharma and Torrent Pharma display moderate interest coverage ratios, with Sun Pharma experiencing some fluctuation over time. Overall, the selected pharmaceutical companies demonstrate solid liquidity and solvency positions, with occasional deviations, emphasizing their overall financial health in the industry.
KEYWORDS
Publication Date
12/31/45425
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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