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. George Risk Industries's current ratio for the quarter that ended in Jan. 2024 was 14.57.
George Risk Industries has a current ratio of 14.57. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for George Risk Industries's Current Ratio or its related term are showing as below:
RSKIA'
s Current Ratio Range Over the Past 10 Years
Min: 9.55 Med: 16.13 Max: 22.16
Current: 14.57
During the past 13 years, George Risk Industries's highest Current Ratio was 22.16. The lowest was 9.55. And the median was 16.13.
RSKIA's Current Ratio is ranked better than 97.96% of 1080
companies
in the Business Services industry
Industry Median: 1.715
vs RSKIA: 14.57
George Risk Industries Current Ratio Historical Data
* 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.
Competitive Comparison of George Risk Industries's Current Ratio
For the Security & Protection Services subindustry, George Risk Industries'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.
George Risk Industries's Current Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, George Risk Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where George Risk Industries's Current Ratio falls into.
George Risk Industries 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.
George Risk Industries's Current Ratio for the fiscal year that ended in Apr. 2023 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.
George Risk Industries (OTCPK:RSKIA) 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.
George Risk Industries Current Ratio Related Terms
Thank you for viewing the detailed overview of George Risk Industries's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
George Risk Industries (George Risk Industries) Business Description
George Risk Industries Inc manufactures security products. The company is engaged in the designing, manufacturing, and sale of various products which include magnetic reed switches as well as keyboards and keyboard switches, proximity sensors, security alarm components, pool access alarms, liquid detection sensors, raceway wire covers, wire, and cable installation tools and various other sensors and devices. These security products are used in alarm system installations in the residential, commercial, industrial, and government sectors and generate maximum revenue for the company.
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