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 Jan. 2024 was 4.82.
Nanoco Group has a current ratio of 4.82. 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 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: 4.14 Max: 13.8
Current: 4.82
During the past 13 years, Nanoco Group's highest Current Ratio was 13.80. The lowest was 1.97. And the median was 4.14.
AQSE:NANO.GB's Current Ratio is ranked better than 76.78% of 999
companies
in the Semiconductors industry
Industry Median: 2.43
vs AQSE:NANO.GB: 4.82
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.
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. 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.
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
Thank you for viewing the detailed overview of Nanoco Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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 cadmium-free quantum dots, CFQD quantum dot films, 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, Holland, United Kingdom, Japan and other countries.
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