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Asian Bamboo AG (Asian Bamboo AG) Current Ratio : 0.94 (As of Sep. 2015)


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What is Asian Bamboo AG 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. Asian Bamboo AG's current ratio for the quarter that ended in Sep. 2015 was 0.94.

Asian Bamboo AG has a current ratio of 0.94. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Asian Bamboo AG has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Asian Bamboo AG's Current Ratio or its related term are showing as below:

ASIBY's Current Ratio is not ranked *
in the Forest Products industry.
Industry Median: 1.66
* Ranked among companies with meaningful Current Ratio only.

Asian Bamboo AG Current Ratio Historical Data

The historical data trend for Asian Bamboo AG'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.

Asian Bamboo AG Current Ratio Chart

Asian Bamboo AG Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Current Ratio
Get a 7-Day Free Trial 3.69 1.32 1.01 1.54 0.99

Asian Bamboo AG Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Jun15 Sep15
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 0.75 0.96 1.02 1.07 0.94

Competitive Comparison of Asian Bamboo AG's Current Ratio

For the Lumber & Wood Production subindustry, Asian Bamboo AG'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.


Asian Bamboo AG's Current Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Asian Bamboo AG's Current Ratio distribution charts can be found below:

* The bar in red indicates where Asian Bamboo AG's Current Ratio falls into.



Asian Bamboo AG 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.

Asian Bamboo AG's Current Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Current Ratio (A: Dec. 2013 )=Total Current Assets (A: Dec. 2013 )/Total Current Liabilities (A: Dec. 2013 )
=67.588/68.368
=0.99

Asian Bamboo AG's Current Ratio for the quarter that ended in Sep. 2015 is calculated as

Current Ratio (Q: Sep. 2015 )=Total Current Assets (Q: Sep. 2015 )/Total Current Liabilities (Q: Sep. 2015 )
=38.822/41.2
=0.94

* 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.


Asian Bamboo AG  (OTCPK:ASIBY) 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.


Asian Bamboo AG Current Ratio Related Terms

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Asian Bamboo AG (Asian Bamboo AG) Business Description

Traded in Other Exchanges
N/A
Address
Stadthausbrucke 1-3, Hamburg, DEU, 20355
Asian Bamboo AG is engaged in cultivation, harvesting and processing of the output from the plantations consisting of bamboo shoots and bamboo trees.

Asian Bamboo AG (Asian Bamboo AG) Headlines

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