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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. Kemet's current ratio for the quarter that ended in Mar. 2020 was 2.14.
Kemet has a current ratio of 2.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kemet's Current Ratio or its related term are showing as below:
The historical data trend for Kemet'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.
Kemet Annual Data | |||||||||||||||||||||
Trend | Mar11 | Mar12 | Mar13 | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 2.85 | 2.91 | 2.36 | 2.31 | 2.14 |
Kemet Quarterly Data | ||||||||||||||||||||
Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | |
Current Ratio | Get a 7-Day Free Trial | 2.31 | 2.49 | 2.15 | 2.38 | 2.14 |
For the Electronic Components subindustry, Kemet'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.
For the Hardware industry and Technology sector, Kemet's Current Ratio distribution charts can be found below:
* The bar in red indicates where Kemet's Current Ratio falls into.
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.
Kemet's Current Ratio for the fiscal year that ended in Mar. 2020 is calculated as
Current Ratio (A: Mar. 2020 ) | = | Total Current Assets (A: Mar. 2020 ) | / | Total Current Liabilities (A: Mar. 2020 ) |
= | 646.495 | / | 302.712 | |
= | 2.14 |
Kemet's Current Ratio for the quarter that ended in Mar. 2020 is calculated as
Current Ratio (Q: Mar. 2020 ) | = | Total Current Assets (Q: Mar. 2020 ) | / | Total Current Liabilities (Q: Mar. 2020 ) |
= | 646.495 | / | 302.712 | |
= | 2.14 |
* 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.
Kemet (NYSE:KEM) 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.
Thank you for viewing the detailed overview of Kemet's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Karen M Rogge | director | APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054 |
Maddrey E Erwin Ii | director | 233 N MAIN STREET, SUITE 200, GREENVILLE SC 29601 |
Gurminder S Bedi | director | ONE CAMPUS MARTIUS, DETROIT MI 48226 |
Robert G Paul | director | 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747 |
Gregory C Thompson | officer: Executive VP-CFO | 1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Lowe William M Jr | director, officer: CEO | P.O. BOX 5928, GREENVILLE SC 29606 |
Platinum Equity Llc | 10 percent owner, other: See Footnote (3)(4)(5) | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Tom Gores | 10 percent owner, other: See Footnote (3)(4)(5) | C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Capital Partners Ii Lp | 10 percent owner, other: See Footnote (3)(4)(5) | 360 North Crescent Drive, Beverly Hills CA 90210 |
Joseph D Swann | director | C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
Jeffrey A Graves | director, officer: CEO | C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422 |
William E Bachrach | officer: Vice President, Business Devel | 11 CABOT BOULEVARD MANSFIELD MA 02048 |
Citigroup Inc | director | 388 GREENWICH STREET, NEW YORK NY 10013 |
Iticorp | director | 399 PARK AVENUE, NEW YORK NY 10043 |
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