Bion Environmental Technologies has a current ratio of 0.04. 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: 0.04
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 99.47% of 3031
companies
in the Industrial Products industry
Industry Median: 1.99
vs BNET: 0.04
Bion Environmental Technologies 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.
* Premium members only.
Bion Environmental Technologies Current Ratio Chart
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.
* 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
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.
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