International Journal of Social Science & Economic Research
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Title:
CURRENT RATIO ANALYSIS OF MAJOR STEEL INDUSTRIES IN INDIA

Authors:
Dr. Vineet Singh , Nand Kishor Bhardwaj

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Dr. Vineet Singh1 , Nand Kishor Bhardwaj2
1. Assistant Professor, Department of Commerce, Guru Ghasidas Vishwavidyalaya, Bilaspur, C.G., India
2. Research Scholar, Department of Commerce, Guru Ghasidas Vishwavidyalaya, Bilaspur, C.G., India

MLA 8
Singh, Dr. Vineet, and Nand Kishor Bhardwaj. "CURRENT RATIO ANALYSIS OF MAJOR STEEL INDUSTRIES IN INDIA." Int. j. of Social Science and Economic Research, vol. 3, no. 6, June 2018, pp. 2783-2793, ijsser.org/more2018.php?id=189. Accessed 2018.
APA
Singh, D., & Bhardwaj, N. (2018, June). CURRENT RATIO ANALYSIS OF MAJOR STEEL INDUSTRIES IN INDIA. Int. j. of Social Science and Economic Research, 3(6), 2783-2793.
Chicago
Singh, Dr. Vineet, and Nand Kishor Bhardwaj. "CURRENT RATIO ANALYSIS OF MAJOR STEEL INDUSTRIES IN INDIA." Int. j. of Social Science and Economic Research 3, no. 6 (June 2018), 2783-2793. Accessed , 2018.

References
[1]. http://www.tatasteel.com/corporate/our-organisation/company-profile/
[2]. http://www.jsw.in/steel/about-us
[3]. http://www.tatasteel.com/investors/integrated-reportannual-report/
[4]. http://www.jsw.in/investors/investor-relations-steel
[5]. Shashi K. Gupta, R.K. Sharma (2005); Financial Management, Kalyani Publishers, ISBN - 81-272-1062-5.
[6]. S.P. Gupta (2005); Statistical Methods, Sultan Chand & Sons, 2005.

Abstract:
Current ratio is an important liquidity ratio which measures ability of an enterprise to pay off its current liabilities in time. An ideal current ratio is considered to be 2:1 and is calculated by dividing total current assets with total current liabilities of a firm. Current ratio of more than 2:1 indicates two facts about a firm. Firstly, the firm will not face any difficulty in paying off its current liabilities and secondly, the firm's current assets are laying ideal which do not earn any return. Current ratio of less than 2:1 indicates the fact that a firm will face difficulty in paying off its current liabilities in time. This paper is an attempt to analyse current ratio of Tata Steel Ltd. and JSW Steel Ltd. from 2007-08 to 2016-17.