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. Viscount Systems's current ratio for the quarter that ended in Jun. 2016 was 0.12.
Viscount Systems has a current ratio of 0.12. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Viscount Systems 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 Viscount Systems's Current Ratio or its related term are showing as below:
VSYS's Current Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.72 * Ranked among companies with meaningful Current Ratio only.
Viscount Systems Current Ratio Historical Data
The historical data trend for Viscount Systems'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.
For the Security & Protection Services subindustry, Viscount Systems'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.
Viscount Systems Current Ratio Distribution
For the Business Services industry and Industrials sector, Viscount Systems's Current Ratio distribution charts can be found below:
* The bar in red indicates where Viscount Systems's Current Ratio falls into.
Viscount Systems 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.
Viscount Systems's Current Ratio for the fiscal year that ended in Dec. 2015 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.
Viscount Systems (OTCPK:VSYS) 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.
Viscount Systems Current Ratio Related Terms
Thank you for viewing the detailed overview of Viscount Systems's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Viscount Systems (Viscount Systems) Business Description
Viscount Systems Inc is engaged in designing, manufacturing, and servicing of physical access control and telephone entry products. Its product includes Enterphone Access Control products, Enterphone iQ, MESH and Freedom Access Control Systems, and Freedom. It operates through two segments; The Manufacturing segment designs produces and sells intercom and door access control systems that utilize telecommunications to control access to buildings and other facilities for security purpose. The Servicing segment provides maintenance to these intercom and door access control systems.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VSYS has been successfully added to your 