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NIVF (NewGenIvf Group) Current Ratio : 1.07 (As of Dec. 2023)


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What is NewGenIvf Group 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. NewGenIvf Group's current ratio for the quarter that ended in Dec. 2023 was 1.07.

NewGenIvf Group has a current ratio of 1.07. It generally indicates good short-term financial strength.

The historical rank and industry rank for NewGenIvf Group's Current Ratio or its related term are showing as below:

NIVF' s Current Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.94   Max: 1.07
Current: 1.07

During the past 3 years, NewGenIvf Group's highest Current Ratio was 1.07. The lowest was 0.40. And the median was 0.94.

NIVF's Current Ratio is ranked worse than
68.38% of 680 companies
in the Healthcare Providers & Services industry
Industry Median: 1.39 vs NIVF: 1.07

NewGenIvf Group Current Ratio Historical Data

The historical data trend for NewGenIvf Group'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.

NewGenIvf Group Current Ratio Chart

NewGenIvf Group Annual Data
Trend Dec21 Dec22 Dec23
Current Ratio
0.40 0.94 1.07

NewGenIvf Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Current Ratio 0.40 - 0.94 0.78 1.07

Competitive Comparison of NewGenIvf Group's Current Ratio

For the Medical Care Facilities subindustry, NewGenIvf Group'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.


NewGenIvf Group's Current Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, NewGenIvf Group's Current Ratio distribution charts can be found below:

* The bar in red indicates where NewGenIvf Group's Current Ratio falls into.



NewGenIvf Group 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.

NewGenIvf Group's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=1.201/1.122
=1.07

NewGenIvf Group'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 )
=1.201/1.122
=1.07

* 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.


NewGenIvf Group  (NAS:NIVF) 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.


NewGenIvf Group Current Ratio Related Terms

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NewGenIvf Group Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Sukhumvit 21 Road, Asoke, 36/39-36/40, 13th Floor, PS Tower, Khlong Toei Nuea Sub-district, Watthana District, Bangkok, THA, 10110
NewGenIvf Group Ltd is a company engaged in providing assisted reproductive services in Asia Pacific with a focus on providing fertility treatments to fulfil the dreams of building families, NewGenIvf mainly offers two services, namely first which is a in-vitro fertilization (IVF) treatment service, comprising traditional IVF and egg donation; and surrogacy and ancillary caring services.