GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Group Ltd (OTCPK:ASGTF) » Definitions » Current Ratio

Altus Group (Altus Group) Current Ratio : 1.39 (As of Dec. 2023)


View and export this data going back to 2012. Start your Free Trial

What is Altus Group Current Ratio?

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. Altus Group's current ratio for the quarter that ended in Dec. 2023 was 1.39.

Altus Group has a current ratio of 1.39. It generally indicates good short-term financial strength.

The historical rank and industry rank for Altus Group's Current Ratio or its related term are showing as below:

ASGTF' s Current Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.53   Max: 1.84
Current: 1.39

During the past 13 years, Altus Group's highest Current Ratio was 1.84. The lowest was 0.71. And the median was 1.53.

ASGTF's Current Ratio is ranked worse than
59.2% of 1831 companies
in the Real Estate industry
Industry Median: 1.62 vs ASGTF: 1.39

Altus Group Current Ratio Historical Data

The historical data trend for Altus Group'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.

* Premium members only.

Altus Group Current Ratio Chart

Altus Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 1.75 1.35 1.33 1.39

Altus Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 1.58 1.59 1.42 1.39

Competitive Comparison of Altus Group's Current Ratio

For the Real Estate Services subindustry, Altus Group'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.


Altus Group's Current Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Altus Group's Current Ratio distribution charts can be found below:

* The bar in red indicates where Altus Group's Current Ratio falls into.



Altus Group 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.

Altus Group's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=225.524/162.698
=1.39

Altus Group's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=225.524/162.698
=1.39

* 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.


Altus Group  (OTCPK:ASGTF) 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.


Altus Group Current Ratio Related Terms

Thank you for viewing the detailed overview of Altus Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Altus Group (Altus Group) Business Description

Traded in Other Exchanges
Address
33 Yonge Street, Suite 500, Toronto, ON, CAN, M5E 1G4
Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Property Tax, Analytics; and under CRE Consulting services, and Appraisals and Development Advisory. It generates maximum revenue from the Analytics; and under CRE Consulting services segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.

Altus Group (Altus Group) Headlines

From GuruFocus

Altus Group Announces Second Quarter 2023 Dividend

By GlobeNewswire GlobeNewswire 06-19-2023

Altus Group CEO Jim Hannon Added to Power Proptech List

By GlobeNewswire GlobeNewswire 10-26-2022

Altus Group Announces Second Quarter 2020 Dividend

By GlobeNewswire GlobeNewswire 06-18-2020

Altus Group Announces CEO Transition

By GlobeNewswire GlobeNewswire 09-15-2020

Altus Group to Hold an Investor Update Conference Call on June 26, 2019

By GlobeNewswire GlobeNewswire 06-21-2019

Altus Group Announces Disposition of Real Matters Shares

By GlobeNewswire GlobeNewswire 09-20-2018

Altus Group Announces Management Update

By GlobeNewswire GlobeNewswire 01-08-2020

Altus Establishes Automatic Share Purchase Plan

By GlobeNewswire GlobeNewswire 06-29-2022

Royce Investment Partners Comments on Altus Group

By Sydnee Gatewood Sydnee Gatewood 10-27-2020