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. Darelle Online Solutions's current ratio for the quarter that ended in Feb. 2024 was 0.01.
Darelle Online Solutions has a current ratio of 0.01. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Darelle Online Solutions 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 Darelle Online Solutions's Current Ratio or its related term are showing as below:
TSXV:DAR'
s Current Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 3.95
Current: 0.01
During the past 13 years, Darelle Online Solutions's highest Current Ratio was 3.95. The lowest was 0.01. And the median was 0.14.
TSXV:DAR's Current Ratio is ranked worse than 99.16% of 597
companies
in the Interactive Media industry
Industry Median: 2.13
vs TSXV:DAR: 0.01
Darelle Online Solutions 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 Darelle Online Solutions's Current Ratio
For the Internet Content & Information subindustry, Darelle Online Solutions'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.
Darelle Online Solutions's Current Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Darelle Online Solutions's Current Ratio distribution charts can be found below:
* The bar in red indicates where Darelle Online Solutions's Current Ratio falls into.
Darelle Online Solutions 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.
Darelle Online Solutions's Current Ratio for the fiscal year that ended in Aug. 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.
Darelle Online Solutions (TSXV:DAR) 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.
Darelle Online Solutions Current Ratio Related Terms
Thank you for viewing the detailed overview of Darelle Online Solutions's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Darelle Online Solutions (TSXV:DAR) Business Description
Darelle Online Solutions Inc is a Canada-based company. The company is mainly engaged in providing an online raffle lottery system to charities. The online raffle program enables charitable and non-profit organizations to create, sell, deliver, and manage their raffle ticket and 50/50 draws completely online. In addition, the company is also engaged in the development of various software solutions that can be easily integrated with the customer's websites. The company's revenue consists of consideration from customers for set-up fees and processing fees.
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