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Avemio AG (XTER:3D6) Current Ratio : 1.40 (As of Jun. 2023)


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What is Avemio AG 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. Avemio AG's current ratio for the quarter that ended in Jun. 2023 was 1.40.

Avemio AG has a current ratio of 1.40. It generally indicates good short-term financial strength.

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

XTER:3D6' s Current Ratio Range Over the Past 10 Years
Min: 1.4   Med: 29   Max: 85.33
Current: 1.4

During the past 3 years, Avemio AG's highest Current Ratio was 85.33. The lowest was 1.40. And the median was 29.00.

XTER:3D6's Current Ratio is ranked worse than
62.8% of 1078 companies
in the Business Services industry
Industry Median: 1.75 vs XTER:3D6: 1.40

Avemio AG Current Ratio Historical Data

The historical data trend for Avemio AG'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.

Avemio AG Current Ratio Chart

Avemio AG Annual Data
Trend Dec19 Dec20 Dec21
Current Ratio
85.33 80.50 36.00

Avemio AG Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
Current Ratio Get a 7-Day Free Trial 80.50 17.11 36.00 28.33 1.40

Competitive Comparison of Avemio AG's Current Ratio

For the Consulting Services subindustry, Avemio AG'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.


Avemio AG's Current Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avemio AG's Current Ratio distribution charts can be found below:

* The bar in red indicates where Avemio AG's Current Ratio falls into.



Avemio AG 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.

Avemio AG's Current Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=0.18/0.005
=36.00

Avemio AG's Current Ratio for the quarter that ended in Jun. 2023 is calculated as

Current Ratio (Q: Jun. 2023 )=Total Current Assets (Q: Jun. 2023 )/Total Current Liabilities (Q: Jun. 2023 )
=28.921/20.709
=1.40

* 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.


Avemio AG  (XTER:3D6) 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.


Avemio AG Current Ratio Related Terms

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Avemio AG (XTER:3D6) Business Description

Traded in Other Exchanges
Address
Königsallee 60f, Dusseldorf, DEU, 40212
Avemio AG Formerly Palgon AG provides management consulting services. It offers marketing, distribution, and other services in the field of information technology, including the Internet and data processing and related fields. Further, the group is also involved in acquiring, selling, renting, and managing real estate.

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