SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'current_ratio'
TTNDY (Techtronic Industries Co) 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. Techtronic Industries Co's current ratio for the quarter that ended in Dec. 2023 was 1.49.
Techtronic Industries Co has a current ratio of 1.49. It generally indicates good short-term financial strength.
The historical rank and industry rank for Techtronic Industries Co's Current Ratio or its related term are showing as below:
TTNDY'
s Current Ratio Range Over the Past 10 Years
Min: 1.36 Med: 1.52 Max: 1.69
Current: 1.49
During the past 13 years, Techtronic Industries Co's highest Current Ratio was 1.69. The lowest was 1.36. And the median was 1.52.
TTNDY's Current Ratio is ranked worse than 70.11% of 3021
companies
in the Industrial Products industry
Industry Median: 1.98
vs TTNDY: 1.49
Techtronic Industries Co Current Ratio Historical Data
The historical data trend for Techtronic Industries Co'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.
Techtronic Industries Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Current Ratio
1.56
1.55
1.36
1.37
1.49
Techtronic Industries Co Semi-Annual Data
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Current Ratio
1.36
1.41
1.37
1.43
1.49
Competitive Comparison
For the Tools & Accessories subindustry, Techtronic Industries Co'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.
Techtronic Industries Co Current Ratio Distribution
For the Industrial Products industry and Industrials sector, Techtronic Industries Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Techtronic Industries Co's Current Ratio falls into.
Techtronic Industries Co 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.
Techtronic Industries Co's Current Ratio for the fiscal year that ended in Dec. 2023 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.
Techtronic Industries Co (OTCPK:TTNDY) 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.
Techtronic Industries Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Techtronic Industries Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Techtronic Industries Co (Techtronic Industries Co) Business Description
Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.
Techtronic Industries Co (Techtronic Industries Co) Headlines
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