ABTS (Abits Group) Current Ratio : 0.83 (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Abits 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. Abits Group's current ratio for the quarter that ended in Jun. 2024 was 0.83.

Abits Group has a current ratio of 0.83. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Abits Group 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 Abits Group's Current Ratio or its related term are showing as below:

ABTS' s Current Ratio Range Over the Past 10 Years
Min: 0.83 Med: 2 Max: 57.69
Current: 0.83

During the past 5 years, Abits Group's highest Current Ratio was 57.69. The lowest was 0.83. And the median was 2.00.

ABTS's Current Ratio is ranked worse than
89.56% of 661 companies
in the Capital Markets industry
Industry Median: 2.38 vs ABTS: 0.83

Abits Group Current Ratio Historical Data

The historical data trend for Abits 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.

Abits Group Current Ratio Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Current Ratio

1.06

1.21

2.34

7.98

1.65

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Current Ratio	Get a 7-Day Free Trial				57.69	7.98	9.29	1.65	0.83

Competitive Comparison of Abits Group's Current Ratio

For the Capital Markets subindustry, Abits 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.

Abits Group's Current Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's Current Ratio distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Abits 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.

Abits 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 )
	=	1.659	/	1.006
	=	1.65

Abits Group's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )	=	Total Current Assets (Q: Jun. 2024 )	/	Total Current Liabilities (Q: Jun. 2024 )
	=	0.767	/	0.921
	=	0.83

Abits Group (NAS:ABTS) 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.

Abits Group Current Ratio Related Terms

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