What is Vibhavadi Medical Center PCL Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Vibhavadi Medical Center PCL's current ratio for the quarter that ended in Mar. 2024 was 0.50.
Vibhavadi Medical Center PCL has a current ratio of 0.50. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Vibhavadi Medical Center PCL has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Vibhavadi Medical Center PCL's Current Ratio or its related term are showing as below:
BKK:VIBHA'
s Current Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.4 Max: 0.5
Current: 0.5
During the past 13 years, Vibhavadi Medical Center PCL's highest Current Ratio was 0.50. The lowest was 0.28. And the median was 0.40.
BKK:VIBHA's Current Ratio is ranked worse than 87% of 677
companies
in the Healthcare Providers & Services industry
Industry Median: 1.37
vs BKK:VIBHA: 0.50
Vibhavadi Medical Center PCL Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Vibhavadi Medical Center PCL's Current Ratio
For the Medical Care Facilities subindustry, Vibhavadi Medical Center PCL's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vibhavadi Medical Center PCL's Current Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Vibhavadi Medical Center PCL's Current Ratio distribution charts can be found below:
* The bar in red indicates where Vibhavadi Medical Center PCL's Current Ratio falls into.
Vibhavadi Medical Center PCL Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vibhavadi Medical Center PCL (BKK:VIBHA) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Vibhavadi Medical Center PCL Current Ratio Related Terms
Thank you for viewing the detailed overview of Vibhavadi Medical Center PCL's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Vibhavadi Medical Center PCL (BKK:VIBHA) Business Description
Vibhavadi Medical Center PCL provides healthcare services in Thailand. The company operates multiple hospital buildings in Thailand and employs specialists from a large number of medical fields. Some medical technologies used at hospitals include Magnetic Resonance Imaging (MRI), X-ray Computed Tomography, Datospir, Wavefront Lasik, Laparoscopic Surgery, and Gastrointestinal Endoscopy. The company has two operating segments: Hospitals and Others. The Hospitals segment includes the operations of the General Hospital, Hospitals in Social Security, and the National Health Security Office systems. The Others segment is composed of Rental and Hotel services. The Hospital segment is responsible for generating a majority of the company's revenue, derived from medical treatment services.
Vibhavadi Medical Center PCL (BKK:VIBHA) Headlines
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