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. UTi Worldwide's current ratio for the quarter that ended in Oct. 2015 was 1.46.
UTi Worldwide has a current ratio of 1.46. It generally indicates good short-term financial strength.
The historical rank and industry rank for UTi Worldwide's Current Ratio or its related term are showing as below:
UTIW's Current Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.405 * Ranked among companies with meaningful Current Ratio only.
UTi Worldwide Current Ratio Historical Data
The historical data trend for UTi Worldwide'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 UTi Worldwide's Current Ratio
For the Integrated Freight & Logistics subindustry, UTi Worldwide'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.
UTi Worldwide's Current Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, UTi Worldwide's Current Ratio distribution charts can be found below:
* The bar in red indicates where UTi Worldwide's Current Ratio falls into.
UTi Worldwide 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.
UTi Worldwide's Current Ratio for the fiscal year that ended in Jan. 2015 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.
UTi Worldwide (NAS:UTIW) 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.
UTi Worldwide Current Ratio Related Terms
Thank you for viewing the detailed overview of UTi Worldwide's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
UTi Worldwide (UTi Worldwide) Business Description
UTi Worldwide Inc was incorporated in the British Virgin Islands on January 30, 1995 under the International Business Companies Act as an international business company and operates under the British Virgin Islands legislation governing corporations. The Company's segments include: Freight Forwarding and Contract Logistics and Distribution Segment. Freight Forwarding the Company do not own or operate aircraft or vessels and, consequently, contract with commercial carriers to arrange for the shipment of cargo. In Contract Logistics and Distribution Segment; provides services relating to value-added warehousing and the subsequent distribution of goods and materials in order to meet clients inventory needs and production or distribution schedules. The Company operates a network of freight forwarding offices and contract logistics and distribution centers in a total of 60 countries. In addition, it serves its clients in 100 additional countries through independent agent-owned offices. The Companys business is managed from main support offices located in Long Beach, California, and several other locations. The Companys primary services include air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics and truckload brokerage. It also provides other supply chain management services, including consulting, the coordination of purchase orders and customized management services. Through its supply chain planning and optimization services, it assists its clients in designing and implementing solutions that improve the predictability and visibility and reduce the overall costs of their supply chains. As a freight forwarder, it conducts business as an indirect carrier and occasionally as an authorized agent for an airline. It acts as an indirect carrier with respect to shipments of freight. It arranges for, and in many cases provides, pick-up and delivery service between the carrier and the location of the shipper or recipient. When it acts as an authorized agent for an airline or ocean carrier, it arranges for the transportation of individual shipments to the airline or ocean carrier. As part of its freight forwarding services, it provides customs brokerage services in the United States and other countries in which it operates. As part of its customs brokerage services, it prepares and files formal documentation required for clearance through customs agencies, obtain customs bonds, facilitate the payment of import duties on behalf of the importer, arrange for payment of collect freight charges, assist with determining and obtaining the commodity classifications for shipments and perform other related services. The Companys contract logistics services include receiving, deconsolidation and decontainerization, sorting, put away, consolidation, assembly, cargo loading and unloading, assembly of freight and protective packaging, warehousing services, order management, and customized distribution and
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