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. Robert Walters's current ratio for the quarter that ended in Dec. 2023 was 1.51.
Robert Walters has a current ratio of 1.51. It generally indicates good short-term financial strength.
The historical rank and industry rank for Robert Walters's Current Ratio or its related term are showing as below:
FRA:RBW'
s Current Ratio Range Over the Past 10 Years
Min: 1.34 Med: 1.52 Max: 1.62
Current: 1.51
During the past 13 years, Robert Walters's highest Current Ratio was 1.62. The lowest was 1.34. And the median was 1.52.
FRA:RBW's Current Ratio is ranked worse than 58.24% of 1080
companies
in the Business Services industry
Industry Median: 1.755
vs FRA:RBW: 1.51
Robert Walters Current Ratio Historical Data
The historical data trend for Robert Walters'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 Robert Walters's Current Ratio
For the Staffing & Employment Services subindustry, Robert Walters'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.
Robert Walters's Current Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Robert Walters's Current Ratio distribution charts can be found below:
* The bar in red indicates where Robert Walters's Current Ratio falls into.
Robert Walters 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.
Robert Walters'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.
Robert Walters (FRA:RBW) 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.
Robert Walters Current Ratio Related Terms
Thank you for viewing the detailed overview of Robert Walters's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Walters PLC is a specialist professional recruitment group. The company specialises in the placement of the highest calibre professionals across the disciplines of accountancy and finance, banking, engineering, HR, healthcare, IT, legal, sales, marketing, secretarial and support and supply chain, logistics and procurement. Its client base ranges from blue-chip corporates and financial services organisations to SMEs and start-ups. The Group's outsourcing division, Resource Solutions, is engaged in recruitment process outsourcing and managed services. Its geographical area of operation includes Asia Pacific, UK, Europe, and Other International. It generates the most of the revenue from the Asia Pacific.
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