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. Rothschild SCA's current ratio for the quarter that ended in Jun. 2023 was 8.53.
Rothschild SCA has a current ratio of 8.53. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Rothschild SCA's Current Ratio or its related term are showing as below:
PIEJF'
s Current Ratio Range Over the Past 10 Years
Min: 3.11 Med: 6.96 Max: 14.37
Current: 8.53
During the past 13 years, Rothschild SCA's highest Current Ratio was 14.37. The lowest was 3.11. And the median was 6.96.
PIEJF's Current Ratio is not ranked
in the Capital Markets industry.
Industry Median: 2.17
vs PIEJF: 8.53
Rothschild SCA Current Ratio Historical Data
The historical data trend for Rothschild SCA'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 Rothschild SCA's Current Ratio
For the Capital Markets subindustry, Rothschild SCA'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.
Rothschild SCA's Current Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Rothschild SCA's Current Ratio distribution charts can be found below:
* The bar in red indicates where Rothschild SCA's Current Ratio falls into.
Rothschild SCA 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.
Rothschild SCA's Current Ratio for the fiscal year that ended in Dec. 2022 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.
Rothschild SCA (OTCPK:PIEJF) 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.
Rothschild SCA Current Ratio Related Terms
Thank you for viewing the detailed overview of Rothschild SCA's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Rothschild SCA (Rothschild SCA) Business Description
Rothschild & Co SCA is a financial advisory group that provides merger and acquisition, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals, and governments globally. The company operates through three divisions: Rothschild Global Advisory, which offers merger and acquisition, strategy, and financing solutions to clients; Rothschild Private Wealth & Rothschild Asset Management, which provides investing, structuring, and safeguarding solutions; and Rothschild Merchant Banking, which is engaged in corporate private equity, managed funds, direct lending, and credit management. Its geographical segments are France, United Kingdom & Channel Islands, Americas, Rest of Europe, Switzerland, Australia & Asia, and others.
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