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. Envivio's current ratio for the quarter that ended in Jul. 2015 was 2.45.
Envivio has a current ratio of 2.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Envivio's Current Ratio or its related term are showing as below:
ENVI's Current Ratio is not ranked *
in the Hardware industry.
Industry Median: 2.04 * Ranked among companies with meaningful Current Ratio only.
Envivio Current Ratio Historical Data
The historical data trend for Envivio'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.
For the Communication Equipment subindustry, Envivio'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.
Envivio's Current Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Envivio's Current Ratio distribution charts can be found below:
* The bar in red indicates where Envivio's Current Ratio falls into.
Envivio 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.
Envivio's Current Ratio for the fiscal year that ended in Jan. 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.
Envivio (NAS:ENVI) 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.
Envivio Current Ratio Related Terms
Thank you for viewing the detailed overview of Envivio's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Envivio Inc was incorporated in Delaware on January 5, 2000. It is a provider of software-based IP video processing and distribution solutions that enables the delivery of video to consumers. Based on Company's video compression and video processing networking technologies, its solutions enable service providers and content providers to offer high-quality video anytime, anywhere, across video formats, networks, consumer devices and operating systems. Its software-based solutions run on industry-standard hardware and include encoders, transcoders and network media processors, all controlled through network management system. It enables service providers and content providers to deliver linear broadcast and on-demand video services to their customers via multiple screens, such as TV, tablets, smartphones, laptops, PCs and gaming devices. The video can be delivered to end users either across service providers' managed networks or outside the boundaries of networks over the open Internet, referred to as over-the-top, or OTT. Its customers include mobile and wireline telecommunications service providers, cable multiple system operators, or MSOs, direct broadcast satellite service providers, or DBSs, and content providers, which includes broadcasters and content publishers, owners, aggregators and licensees. The Company distributes products and solutions through a network of channel partners, which includes telecommunications systems integrators throughout the world, as well as through own direct sales force. The Company provides additional flexibility to customers by offering continuous software enhancements and reconfigurations to adapt to the rapidly evolving consumer device landscape and solutions conform to international telecommunications standards. The video market segments include: Digital Pay-TV, Mobile Video and Over-the-Top Video. Digital Pay-TV is operated over a managed network and is characterized by quality of consumer experience and standards of security, interactivity and reliability. The combination of advanced, user-friendly mobile devices coupled with the proliferation of 3G, 4G and Wi-Fi broadband networks, as well as the evolution of business models that support the creation and deployment of video-enabled applications and services, has accelerated the demand for mobile video. As more consumers obtain access to broadband connectivity, it is now possible for broadcasters and content publishers, owners, aggregators and licensees to target consumers directly over the open Internet infrastructure with an acceptable video and service quality. Over-the-Top can be delivered through any broadband network, such as cable, DSL, 3G and Wi-Fi. Its geographical areas include USA, Asia Pacific and EMEA. Its customers include the service providers: nine of the broadband service providers including seven of the top eight U.S. cable service providers, and eight of the mobile service providers.
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