GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bally Total Fitness Holding Corp (GREY:BLLYW) » Definitions » Current Ratio

BLLYW (Bally Total Fitness Holding) Current Ratio : 0.09 (As of Jun. 2007)


View and export this data going back to 2010. Start your Free Trial

What is Bally Total Fitness Holding 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. Bally Total Fitness Holding's current ratio for the quarter that ended in Jun. 2007 was 0.09.

Bally Total Fitness Holding has a current ratio of 0.09. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Bally Total Fitness Holding has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Bally Total Fitness Holding's Current Ratio or its related term are showing as below:

BLLYW's Current Ratio is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.27
* Ranked among companies with meaningful Current Ratio only.

Bally Total Fitness Holding Current Ratio Historical Data

The historical data trend for Bally Total Fitness Holding'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.

Bally Total Fitness Holding Current Ratio Chart

Bally Total Fitness Holding Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.12 0.08

Bally Total Fitness Holding Quarterly Data
Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.14 0.08 0.09 0.09

Competitive Comparison of Bally Total Fitness Holding's Current Ratio

For the Leisure subindustry, Bally Total Fitness Holding'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.


Bally Total Fitness Holding's Current Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bally Total Fitness Holding's Current Ratio distribution charts can be found below:

* The bar in red indicates where Bally Total Fitness Holding's Current Ratio falls into.



Bally Total Fitness Holding 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.

Bally Total Fitness Holding's Current Ratio for the fiscal year that ended in Dec. 2006 is calculated as

Current Ratio (A: Dec. 2006 )=Total Current Assets (A: Dec. 2006 )/Total Current Liabilities (A: Dec. 2006 )
=76.333/959.798
=0.08

Bally Total Fitness Holding's Current Ratio for the quarter that ended in Jun. 2007 is calculated as

Current Ratio (Q: Jun. 2007 )=Total Current Assets (Q: Jun. 2007 )/Total Current Liabilities (Q: Jun. 2007 )
=109.01/1231.991
=0.09

* 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.


Bally Total Fitness Holding  (GREY:BLLYW) 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.


Bally Total Fitness Holding Current Ratio Related Terms

Thank you for viewing the detailed overview of Bally Total Fitness Holding's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bally Total Fitness Holding Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
8700 West Bryn Mawr Avenue, Chicago, IL, USA, 60631
Bally Total Fitness Holding is the largest commercial operator of fitness centers in the United States in terms of revenue, number of members, and square footage of facilities. The company operates more than 400 fitness centers with approximately 4 million members. Its fitness centers are generally 30,000 square feet in size and include such amenities as a workout area, sauna and steam facilities, a lap pool, free-weight rooms, aerobic-exercise rooms, an indoor jogging track, and racquetball courts.

Bally Total Fitness Holding Headlines

No Headlines