What is Jordan Telecommunications Co 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. Jordan Telecommunications Co's current ratio for the quarter that ended in Mar. 2024 was 0.59.
Jordan Telecommunications Co has a current ratio of 0.59. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Jordan Telecommunications Co 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 Jordan Telecommunications Co's Current Ratio or its related term are showing as below:
AMM:JTEL'
s Current Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.62 Max: 1.29
Current: 0.59
During the past 13 years, Jordan Telecommunications Co's highest Current Ratio was 1.29. The lowest was 0.47. And the median was 0.62.
AMM:JTEL's Current Ratio is ranked worse than 80.88% of 387
companies
in the Telecommunication Services industry
Industry Median: 1.07
vs AMM:JTEL: 0.59
Jordan Telecommunications Co 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 Jordan Telecommunications Co's Current Ratio
For the Telecom Services subindustry, Jordan Telecommunications Co'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.
Jordan Telecommunications Co's Current Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Jordan Telecommunications Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Jordan Telecommunications Co's Current Ratio falls into.
Jordan Telecommunications Co 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.
* 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.
Jordan Telecommunications Co (AMM:JTEL) 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.
Jordan Telecommunications Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Jordan Telecommunications Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jordan Telecommunications Co (AMM:JTEL) Business Description
Jordan Telecommunications Co offers telecommunication network services. It has the following operating segments. The Fixed-line segment constructs develop and maintain fixed telecommunication network services and fiber to the home services. The Mobile communications segment installs operates and manages a cellular network in Jordan. The Data services segment provides, furnishes, installs, maintains, engineers, and operates communication facilities for the provision of data network and internet access services to its customers and helping companies to be more efficient in the way they do their business on the internet. The renewable energy segment provides electricity through managing solar farms and renewable energy projects, The mobile payment segment, and the not-for-profit segment.
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