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Urban Barns Foods (Urban Barns Foods) Current Ratio : 0.05 (As of Jan. 2016)


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What is Urban Barns Foods 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. Urban Barns Foods's current ratio for the quarter that ended in Jan. 2016 was 0.05.

Urban Barns Foods has a current ratio of 0.05. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Urban Barns Foods 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 Urban Barns Foods's Current Ratio or its related term are showing as below:

URBF's Current Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.66
* Ranked among companies with meaningful Current Ratio only.

Urban Barns Foods Current Ratio Historical Data

The historical data trend for Urban Barns Foods'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.

Urban Barns Foods Current Ratio Chart

Urban Barns Foods Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15
Current Ratio
Get a 7-Day Free Trial 0.26 0.09 0.09 0.82 0.06

Urban Barns Foods Quarterly Data
Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16
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 0.37 0.24 0.06 0.03 0.05

Competitive Comparison of Urban Barns Foods's Current Ratio

For the Farm Products subindustry, Urban Barns Foods'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.


Urban Barns Foods's Current Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Urban Barns Foods's Current Ratio distribution charts can be found below:

* The bar in red indicates where Urban Barns Foods's Current Ratio falls into.



Urban Barns Foods 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.

Urban Barns Foods's Current Ratio for the fiscal year that ended in Jul. 2015 is calculated as

Current Ratio (A: Jul. 2015 )=Total Current Assets (A: Jul. 2015 )/Total Current Liabilities (A: Jul. 2015 )
=0.071/1.143
=0.06

Urban Barns Foods's Current Ratio for the quarter that ended in Jan. 2016 is calculated as

Current Ratio (Q: Jan. 2016 )=Total Current Assets (Q: Jan. 2016 )/Total Current Liabilities (Q: Jan. 2016 )
=0.059/1.135
=0.05

* 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.


Urban Barns Foods  (OTCPK:URBF) 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.


Urban Barns Foods Current Ratio Related Terms

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Urban Barns Foods (Urban Barns Foods) Business Description

Traded in Other Exchanges
N/A
Address
13000 Chemin Bélanger, Mirabel, QC, CAN, J7J 2N8
Urban Barns Foods Inc is a produce production company, or grower, that aims to be the supplier of choice for fresh, locally grown, Kosher-certified, organic, or high-quality fruits and vegetables for urban consumers. The company's strategy is to develop a series of urban barns that are used to grow fruits and vegetables in several urban centers, beginning with Montreal, Canada. They offer multiple varieties of lettuce, basil, and various herbs. The company derives revenue from the sale of agricultural products.
Executives
Jeremy Kendall director 17121 MISSISSAUGA RD, BELFOUNTAIN A6 00000

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