GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bion Environmental Technologies Inc (OTCPK:BNET) » Definitions » Current Ratio

Bion Environmental Technologies (Bion Environmental Technologies) Current Ratio : 0.09 (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Bion Environmental Technologies 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. Bion Environmental Technologies's current ratio for the quarter that ended in Dec. 2023 was 0.09.

Bion Environmental Technologies has a current ratio of 0.09. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Bion Environmental Technologies 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 Bion Environmental Technologies's Current Ratio or its related term are showing as below:

BNET' s Current Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 5.05
Current: 0.09

During the past 13 years, Bion Environmental Technologies's highest Current Ratio was 5.05. The lowest was 0.01. And the median was 0.04.

BNET's Current Ratio is ranked worse than
99.21% of 3026 companies
in the Industrial Products industry
Industry Median: 1.99 vs BNET: 0.09

Bion Environmental Technologies Current Ratio Historical Data

The historical data trend for Bion Environmental Technologies's Current Ratio can be seen below:

* 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.

* Premium members only.

Bion Environmental Technologies Current Ratio Chart

Bion Environmental Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.05 0.40 1.70 0.40

Bion Environmental Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 1.09 0.40 0.07 0.09

Competitive Comparison of Bion Environmental Technologies's Current Ratio

For the Pollution & Treatment Controls subindustry, Bion Environmental Technologies'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.


Bion Environmental Technologies's Current Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bion Environmental Technologies's Current Ratio distribution charts can be found below:

* The bar in red indicates where Bion Environmental Technologies's Current Ratio falls into.



Bion Environmental Technologies 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.

Bion Environmental Technologies's Current Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Current Ratio (A: Jun. 2023 )=Total Current Assets (A: Jun. 2023 )/Total Current Liabilities (A: Jun. 2023 )
=0.649/1.617
=0.40

Bion Environmental Technologies's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=0.394/4.2
=0.09

* 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.


Bion Environmental Technologies  (OTCPK:BNET) 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.


Bion Environmental Technologies Current Ratio Related Terms

Thank you for viewing the detailed overview of Bion Environmental Technologies's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bion Environmental Technologies (Bion Environmental Technologies) Business Description

Traded in Other Exchanges
N/A
Address
9 East Park Couret, Old Bethpage, New York, NY, USA, 11804
Bion Environmental Technologies Inc provides sustainable environmental and economic solutions to the food and livestock industry. Its proven technology offers a comprehensive treatment of livestock waste that largely eliminates its environmental impacts, while simultaneously recovering valuable assets from the waste stream, including renewable energy, nutrients, and clean water that have traditionally been wasted or underutilized. Revenues are generated from the sale of nutrient reduction credits. Geographically, the operations are conducted through the region of the United States.
Executives
Anthony Orphanos 10 percent owner C/O BLACKSMITH ADVISORS, LLC, 40 WEST 57TH STREET, 20TH FLOOR, NEW YORK NY 10019
Salvatore J Zizza director 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
William F. Rupp director C/O BION ENVIRONMENTAL TECHNOLOGIES, INC, PO BOX 323, OLD BETHPAGE NY 11804
William O'neill officer: CEO C/O BION ENVIRONMENTAL TECHNOLOGIES INC., PO BOX 323, OLD BETHPAGE NY 11804
Danielle C. Lominy 10 percent owner 6400 VILLAGE HILL DRIVE, DIX HILLS NY 11746
Christopher B. Parlow 10 percent owner 23 LONGBOW DRIVE, COMMACK NY 11725
Jon Northrop director, officer: Secretary
Mark A Smith director, 10 percent owner, officer: President 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
Dominic Bassani 10 percent owner, officer: CEO C/O BRIGHT CAPITAL, LTD., 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746
Edward T Schafer director, officer: Executive Vice Chairman 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Bright Capital Ltd. 10 percent owner 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746
Jere Northrop director, officer: Senior Technology Officer 1961 TONAWANDA CREEK RD, AMHERST NY 14228
Jeremy Rowland officer: COO of Bion Dairy 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
George Bloom officer: COO of Bion Technologies 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
Chris-dan, Llc 10 percent owner 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746