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. Altair Nanotechnologies's current ratio for the quarter that ended in Sep. 2016 was 0.37.
Altair Nanotechnologies has a current ratio of 0.37. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Altair Nanotechnologies 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 Altair Nanotechnologies's Current Ratio or its related term are showing as below:
FRA:AHNA'
s Current Ratio Range Over the Past 10 Years
Min: 0.12 Med: 4.65 Max: 30
Current: 0.37
During the past 13 years, Altair Nanotechnologies's highest Current Ratio was 30.00. The lowest was 0.12. And the median was 4.65.
FRA:AHNA's Current Ratio is not ranked
in the Hardware industry.
Industry Median: 2.01
vs FRA:AHNA: 0.37
Altair Nanotechnologies 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 Altair Nanotechnologies's Current Ratio
For the Electronic Components subindustry, Altair Nanotechnologies'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.
Altair Nanotechnologies's Current Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Altair Nanotechnologies's Current Ratio distribution charts can be found below:
* The bar in red indicates where Altair Nanotechnologies's Current Ratio falls into.
Altair Nanotechnologies 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.
Altair Nanotechnologies's Current Ratio for the fiscal year that ended in Dec. 2015 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.
Altair Nanotechnologies (FRA:AHNA) 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.
Altair Nanotechnologies Current Ratio Related Terms
Thank you for viewing the detailed overview of Altair Nanotechnologies's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Altair Nanotechnologies (FRA:AHNA) Business Description
Altair Nanotechnologies Inc was incorporated under the laws of the Province of Ontario, Canada in April 1973. The Company develops, manufactures and sells nano lithium titanate batteries and energy storage systems. Its nano lithium titanate battery systems offer higher power density, longer cycle life, rapid charge and discharge capabilities, operating temperature range and higher levels of safety than conventional lithium-ion batteries. The Company targets applications that effectively utilize the key attributes of its technology. It operates in two major business segments: Power and Energy Group, and All Other operations. The Power and Energy Group develops, produces, and sells battery systems. The All Others group consists of the remaining portions of the previous Life Sciences and Performance Materials groups. Its target market is electric grid, which design, manufacture and sell grid-scale battery systems, which provide ancillary services including frequency regulation. The Company currently is working with multiple vehicle manufacturers and suppliers regarding their hybrid and electric vehicle efforts. In 2012, it focused on the launch of its newest energy storage system, the ALTI-ESS Advantage. First, the company focused its product development on the launch of newest electric grid product, the 2 megawatt ALTI-ESS Advantage, which increased system specification from 1 megawatt to 2 megawatts, while reducing the containerized power modules footprint from 53 feet to 40 feet. Second, it focused on the manufacture of five grid-scale energy storage systems for four customers, who included the Hawaii Natural Energy Institute (HNEI), Vestas, TSK Solar and a U.S. utility company based on the East Coast. The Company has developed, and continues to develop, through its primary materials science research, a lithium-ion battery chemistry using nanotechnologies to create materials offering unique electrochemistry properties for rechargeable batteries. It manufactures cells, modules, packs and turn-key energy storage systems for its target customers, including 24V, 36V, and 48V industrial and transportation systems, a configurable industrial PowerRack system, and large-scale systems for the electric grid. The Company uses compounds of lithium and of titanium to manufacture its nano lithium titanate. It has a total of 12 U.S. and 42 foreign patents. A number of energy storage and power electronic component producers have entered into the frequency regulation market which include include ABB, A123 Systems., BYD, GS Yuasa, LG Chem, Mitsubishi, Parker Hannifin, Saft and XtremePower. Its products typically compete with existing methods for providing frequency regulation and renewables integration rather than competing battery manufacturers. Its current and proposed activities are subject to numerous federal, state, and local laws and regulations concerning machine and chemical safety and environmental protection.
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