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. Glenveagh Properties's current ratio for the quarter that ended in Dec. 2023 was 6.27.
Glenveagh Properties has a current ratio of 6.27. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Glenveagh Properties's Current Ratio or its related term are showing as below:
DUB:GVR'
s Current Ratio Range Over the Past 10 Years
Min: 6.27 Med: 8.94 Max: 64.76
Current: 6.27
During the past 7 years, Glenveagh Properties's highest Current Ratio was 64.76. The lowest was 6.27. And the median was 8.94.
DUB:GVR's Current Ratio is ranked better than 83.81% of 105
companies
in the Homebuilding & Construction industry
Industry Median: 2.44
vs DUB:GVR: 6.27
Glenveagh Properties Current Ratio Historical Data
The historical data trend for Glenveagh Properties'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.
Competitive Comparison of Glenveagh Properties's Current Ratio
For the Residential Construction subindustry, Glenveagh Properties'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.
Glenveagh Properties's Current Ratio Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Current Ratio distribution charts can be found below:
* The bar in red indicates where Glenveagh Properties's Current Ratio falls into.
Glenveagh Properties 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.
Glenveagh Properties's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Glenveagh Properties (DUB:GVR) 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.
Glenveagh Properties Current Ratio Related Terms
Thank you for viewing the detailed overview of Glenveagh Properties's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Glenveagh Properties (DUB:GVR) Business Description
Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.
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