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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. Glu Mobile's current ratio for the quarter that ended in Dec. 2020 was 2.56.
Glu Mobile has a current ratio of 2.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for Glu Mobile's Current Ratio or its related term are showing as below:
During the past 13 years, Glu Mobile's highest Current Ratio was 4.09. The lowest was 0.93. And the median was 1.50.
The historical data trend for Glu Mobile'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.
Glu Mobile Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.84 | 1.04 | 1.32 | 1.42 | 2.56 |
Glu Mobile Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Current Ratio | Get a 7-Day Free Trial | 1.42 | 1.50 | 2.09 | 2.36 | 2.56 |
For the Electronic Gaming & Multimedia subindustry, Glu Mobile'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 Interactive Media industry and Communication Services sector, Glu Mobile's Current Ratio distribution charts can be found below:
* The bar in red indicates where Glu Mobile'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.
Glu Mobile's Current Ratio for the fiscal year that ended in Dec. 2020 is calculated as
Current Ratio (A: Dec. 2020 ) | = | Total Current Assets (A: Dec. 2020 ) | / | Total Current Liabilities (A: Dec. 2020 ) |
= | 463.072 | / | 180.702 | |
= | 2.56 |
Glu Mobile's Current Ratio for the quarter that ended in Dec. 2020 is calculated as
Current Ratio (Q: Dec. 2020 ) | = | Total Current Assets (Q: Dec. 2020 ) | / | Total Current Liabilities (Q: Dec. 2020 ) |
= | 463.072 | / | 180.702 | |
= | 2.56 |
* 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.
Glu Mobile (NAS:GLUU) 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 Glu Mobile's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Greg Brandeau | director | C/O GLU MOBILE INC. 500 HOWARD STREET, SUITE 300 SAN FRANCISCO CA 94105 |
Masi Niccolo De | director | 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105 |
Darla Anderson | director | C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103 |
Eric R Ludwig | officer: EVP, COO and CFO | CO GLU MOBILE INC 1800 GATEWAY DRIVE SAN MATEO CA 94404 |
Becky Ann Hughes | officer: Senior Vice President, Revenue | GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103 |
Ann Mather | director | |
Gabrielle B Toledano | director | 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065 |
Eric R. Ball | director | C/O GLU MOBILE INC., 45 FREMONT STREET, SUITE 2800, SAN FRANCISCO CA 94105 |
Smith Benjamin T. Iv | director | 2207 BRIDGEPOINTE PARKWAY, SUITE 300 SAN MATEO CA 94404 |
Hany Nada | director | C/O GRANITE GLOBAL VENTURES 2494 SAND HILL ROAD, SUITE 100 MENLO PARK CA 94025 |
Chris Akhavan | officer: SVP, Business & Corp. Dev. | C/O GLU MOBILE INC. 45 FREMONT STREET, SUITE 2800 SAN FRANCISCO CA 94105 |
Scott Leichtner | officer: VP and General Counsel | C/O GLU MOBILE INC. 2207 BRIDGEPOINTE PARKWAY SAN MATEO CA 94404 |
Puneet Kedia | officer: Vice President of Accounting | C/O GLU MOBILE INC. 875 HOWARD STREET, SUITE 100 SAN FRANCISCO CA 94103 |
Nicholas Earl | director, officer: President & CEO | C/O SCIPLAY CORPORATION, 6601 BERMUDA ROAD, LAS VEGAS NV 89119 |
Tencent Holdings Ltd | director, 10 percent owner | ROOM 3506, 35TH FLOOR, TOWER 2, LIPPO CENTRE, ADMIRALTY K3 00000 |
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