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. The Container Store Group's current ratio for the quarter that ended in Dec. 2023 was 1.21.
The Container Store Group has a current ratio of 1.21. It generally indicates good short-term financial strength.
The historical rank and industry rank for The Container Store Group's Current Ratio or its related term are showing as below:
TCS'
s Current Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.22 Max: 1.48
Current: 1.21
During the past 13 years, The Container Store Group's highest Current Ratio was 1.48. The lowest was 0.88. And the median was 1.22.
TCS's Current Ratio is ranked worse than 66.55% of 1115
companies
in the Retail - Cyclical industry
Industry Median: 1.59
vs TCS: 1.21
The Container Store Group 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 The Container Store Group's Current Ratio
For the Specialty Retail subindustry, The Container Store Group'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.
The Container Store Group's Current Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Container Store Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where The Container Store Group's Current Ratio falls into.
The Container Store Group 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.
The Container Store Group's Current Ratio for the fiscal year that ended in Mar. 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.
The Container Store Group (NYSE:TCS) 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.
The Container Store Group Current Ratio Related Terms
Thank you for viewing the detailed overview of The Container Store Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Container Store Group (The Container Store Group) Business Description
The Container Store Group Inc is a U.S. based specialty retailer of storage and organization products and solutions. It offers a collection of multifunctional and customizable storage and organization solutions. The company consists of two segments., The Container store segment which consists of retail stores, website and call center, as well as installation and organizational services business, and The Elfa segment which involves designing and manufacturing of component-based shelving and drawer systems and made-to-measure sliding doors. It derives a majority of the revenue from the Container store segment. The company sells its products in the US and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TCS has been successfully added to your 