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Nanoco Group (AQSE:NANO.GB) Current Ratio : 2.71 (As of Jul. 2024)


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What is Nanoco 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. Nanoco Group's current ratio for the quarter that ended in Jul. 2024 was 2.71.

Nanoco Group has a current ratio of 2.71. It generally indicates good short-term financial strength.

The historical rank and industry rank for Nanoco Group's Current Ratio or its related term are showing as below:

AQSE:NANO.GB' s Current Ratio Range Over the Past 10 Years
Min: 1.97   Med: 3.43   Max: 13.8
Current: 2.71

During the past 13 years, Nanoco Group's highest Current Ratio was 13.80. The lowest was 1.97. And the median was 3.43.

AQSE:NANO.GB's Current Ratio is ranked better than
56.08% of 1011 companies
in the Semiconductors industry
Industry Median: 2.41 vs AQSE:NANO.GB: 2.71

Nanoco Group Current Ratio Historical Data

The historical data trend for Nanoco 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.

Nanoco Group Current Ratio Chart

Nanoco Group Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 2.42 3.81 3.05 2.71

Nanoco Group Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 3.81 3.27 3.05 4.82 2.71

Competitive Comparison of Nanoco Group's Current Ratio

For the Semiconductor Equipment & Materials subindustry, Nanoco 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.


Nanoco Group's Current Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nanoco Group's Current Ratio distribution charts can be found below:

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



Nanoco 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.

Nanoco Group's Current Ratio for the fiscal year that ended in Jul. 2024 is calculated as

Current Ratio (A: Jul. 2024 )=Total Current Assets (A: Jul. 2024 )/Total Current Liabilities (A: Jul. 2024 )
=22.065/8.133
=2.71

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

Current Ratio (Q: Jul. 2024 )=Total Current Assets (Q: Jul. 2024 )/Total Current Liabilities (Q: Jul. 2024 )
=22.065/8.133
=2.71

* 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.


Nanoco Group  (AQSE:NANO.GB) 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.


Nanoco Group Current Ratio Related Terms

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Nanoco Group Business Description

Traded in Other Exchanges
Address
The Heath Business & Technical Park, Heath Road South, Science Centre, Runcorn, GBR, WA7 4QE
Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include CFQD quantum dots, Heatwave quantum dots, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, United States, United Kingdom, Japan and other countries.

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