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Powerdyne International (Powerdyne International) Current Ratio : 0.81 (As of Sep. 2023)


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What is Powerdyne International 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. Powerdyne International's current ratio for the quarter that ended in Sep. 2023 was 0.81.

Powerdyne International has a current ratio of 0.81. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Powerdyne International 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 Powerdyne International's Current Ratio or its related term are showing as below:

PWDY' s Current Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.99
Current: 0.81

During the past 13 years, Powerdyne International's highest Current Ratio was 0.99. The lowest was 0.02. And the median was 0.08.

PWDY's Current Ratio is ranked worse than
94.38% of 3026 companies
in the Industrial Products industry
Industry Median: 1.99 vs PWDY: 0.81

Powerdyne International Current Ratio Historical Data

The historical data trend for Powerdyne International'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.

Powerdyne International Current Ratio Chart

Powerdyne International Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.13 0.05 0.05 0.98

Powerdyne International Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Dec19 Mar20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.71 0.98 0.99 0.78 0.81

Competitive Comparison of Powerdyne International's Current Ratio

For the Electrical Equipment & Parts subindustry, Powerdyne International'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.


Powerdyne International's Current Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Powerdyne International's Current Ratio falls into.



Powerdyne International 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.

Powerdyne International's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Current Ratio (A: Dec. 2022 )=Total Current Assets (A: Dec. 2022 )/Total Current Liabilities (A: Dec. 2022 )
=0.311/0.316
=0.98

Powerdyne International's Current Ratio for the quarter that ended in Sep. 2023 is calculated as

Current Ratio (Q: Sep. 2023 )=Total Current Assets (Q: Sep. 2023 )/Total Current Liabilities (Q: Sep. 2023 )
=0.273/0.337
=0.81

* 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.


Powerdyne International  (OTCPK:PWDY) 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.


Powerdyne International Current Ratio Related Terms

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Powerdyne International (Powerdyne International) Business Description

Traded in Other Exchanges
N/A
Address
45 Main Street, North Reading, MA, USA, 01864
Powerdyne International Inc primarily services the Original Equipment Manufacturers (OEM's) in the semiconductor market by supplying custom designed motors for the robotics used in semiconductor manufacturing equipment.
Executives
Read Arthur M Ii director, officer: Executive Vice President 300 CENTERVILLE ROAD, SUITE 100E, WARWICK RI 02886
Dale Euga director, 10 percent owner, officer: President 300 CENTERVILLE ROAD, SUITE 100E, WARWICK RI 02886
Robert C. Hemsen director C/O POWERDYNE INTERNATIONAL, INC., 100 JEFFERSON, WARWICK RI 02888
John M. Faulhaber director C/O POWERDYNE INTERNATIONAL, INC., 100 JEFFERSON BLVD SUITE 200, WARWICK RI 02888
James F. O'rourke director, officer: Chief Executive Officer 45 MAIN STREET, NORTH READING MA 01864
Linda Madison officer: Secretary/Treasurer C/O POWERDYNE INTERNATIONAL, INC., 100 JEFFERSON BLVD, SUITE 200, WARWICK RI 02888
Edwin S. Barton officer: Chief Operating Officer C/O POWERDYNE INTERNATIONAL, INC., 100 JEFFERSON BLVD SUITE 200, WARWICK RI 02888
Stephen L. Caromile officer: Vice President C/O POWERDYNE INTERNATIONAL, INC., 100 JEFFERSON BLVD SUITE 200, WARWICK RI 02888
James M Cassidy other: former officer:director,s/h 215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop other: frmer officer: director, 10%sh 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212
Tiber Creek Corp other: former 10% owner 215 APOLENA AVENUE, NEWPORT BEACH CA 92662

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