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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. Myos Rens Technology's current ratio for the quarter that ended in Sep. 2020 was 2.71.
Myos Rens Technology has a current ratio of 2.71. It generally indicates good short-term financial strength.
The historical rank and industry rank for Myos Rens Technology's Current Ratio or its related term are showing as below:
The historical data trend for Myos Rens Technology'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.
Myos Rens Technology Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.90 | 5.94 | 6.54 | 1.78 | 1.03 |
Myos Rens Technology Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Current Ratio | Get a 7-Day Free Trial | 2.06 | 1.03 | 2.89 | 3.78 | 2.71 |
For the Drug Manufacturers - Specialty & Generic subindustry, Myos Rens Technology'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 Drug Manufacturers industry and Healthcare sector, Myos Rens Technology's Current Ratio distribution charts can be found below:
* The bar in red indicates where Myos Rens Technology'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.
Myos Rens Technology's Current Ratio for the fiscal year that ended in Dec. 2019 is calculated as
Current Ratio (A: Dec. 2019 ) | = | Total Current Assets (A: Dec. 2019 ) | / | Total Current Liabilities (A: Dec. 2019 ) |
= | 1.758 | / | 1.712 | |
= | 1.03 |
Myos Rens Technology's Current Ratio for the quarter that ended in Sep. 2020 is calculated as
Current Ratio (Q: Sep. 2020 ) | = | Total Current Assets (Q: Sep. 2020 ) | / | Total Current Liabilities (Q: Sep. 2020 ) |
= | 2.313 | / | 0.854 | |
= | 2.71 |
* 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.
Myos Rens Technology (NAS:MYOS) 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 Myos Rens Technology's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Mannello | director, officer: Chief Executive Officer | C/O BREAN CAPITAL, LLC, 1345 AVENUE OF THE AMERICAS, 29TH FLOOR, NEW YORK NY 10105 |
Victor E Mandel | director | PO BOX 5962, WASHINGTON DC 20016 |
Robert J Hariri | director | 341 MENDHAM ROAD, BERNARDSVILLE NJ 07924 |
Christopher Pechock | director | C/O MATLINPATTERSON GLOBAL ADVISORS INC, 520 MADISON AVE, NEW YORK NY 10022-4213 |
Christopher C Dewey | director | 120 BROADWAY, 27TH FLOOR, NEW YORK NY 10271 |
Louis J. Aronne | director | 4640 ADMIRALTY, SUITE 500, MARINA DEL RAY CA 90292 |
Eric Zaltas | director | 45 HORSEHILL ROAD SUITE 106, CEDAR KNOLLS NJ 07927 |
Andrew Joel Ponte | director | 45 HORSEHILL ROAD, SUITE 106, CEDAR KNOLLS NJ 07927 |
David J Matlin | 10 percent owner | |
John Nosta | director | 45 HORSEHILL ROAD, SUITE 106, CEDAR KNOLLS NJ 07927 |
Zhengguang Lyu | director | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
Ren Ren | director, 10 percent owner | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
Rens Technology Inc | 10 percent owner | 150 DRAKE STREET ROOM 7F, POMONA CA 91767 |
Rens Agriculture Science & Technology Co, Ltd | 10 percent owner | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
Guiying Zhao | director | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
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