What is Lam Soon (Thailand) PCL Shs 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. Lam Soon (Thailand) PCL Shs's current ratio for the quarter that ended in Dec. 2023 was 2.80.
Lam Soon (Thailand) PCL Shs has a current ratio of 2.80. It generally indicates good short-term financial strength.
The historical rank and industry rank for Lam Soon (Thailand) PCL Shs's Current Ratio or its related term are showing as below:
BKK:LST-R'
s Current Ratio Range Over the Past 10 Years
Min: 1.18 Med: 2.29 Max: 2.8
Current: 2.8
During the past 13 years, Lam Soon (Thailand) PCL Shs's highest Current Ratio was 2.80. The lowest was 1.18. And the median was 2.29.
BKK:LST-R's Current Ratio is ranked better than 74.4% of 1910
companies
in the Consumer Packaged Goods industry
Industry Median: 1.66
vs BKK:LST-R: 2.80
Lam Soon (Thailand) PCL Shs Current Ratio Historical Data
* 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 Lam Soon (Thailand) PCL Shs's Current Ratio
For the Farm Products subindustry, Lam Soon (Thailand) PCL Shs'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.
Lam Soon (Thailand) PCL Shs's Current Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lam Soon (Thailand) PCL Shs's Current Ratio distribution charts can be found below:
* The bar in red indicates where Lam Soon (Thailand) PCL Shs's Current Ratio falls into.
Lam Soon (Thailand) PCL Shs 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.
* 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.
Lam Soon (Thailand) PCL Shs (BKK:LST-R) 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.
Lam Soon (Thailand) PCL Shs Current Ratio Related Terms
Thank you for viewing the detailed overview of Lam Soon (Thailand) PCL Shs's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lam Soon (Thailand) PCL Shs (BKK:LST-R) Business Description
Lam Soon (Thailand) PCL Shs along with its subsidiaries is principally engaged in the manufacture and distribution of palm oil. The group and its subsidiaries are organized into business units based on their products and services and have two reportable segments namely manufacturing and distribution of palm oil segment, which includes the generation of electricity from biogases, the by-products from palm oil manufacturing; and the manufacturing and distribution of processed fruits and vegetable segment. Geographically, operates through the region of Thailand and it holds a presence in the international market, however domestic sales account for the majority of revenue.
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