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. CPL Group PCL's current ratio for the quarter that ended in Mar. 2024 was 1.18.
CPL Group PCL has a current ratio of 1.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for CPL Group PCL's Current Ratio or its related term are showing as below:
BKK:CPL'
s Current Ratio Range Over the Past 10 Years
Min: 1.12 Med: 1.27 Max: 2.82
Current: 1.18
During the past 13 years, CPL Group PCL's highest Current Ratio was 2.82. The lowest was 1.12. And the median was 1.27.
The historical data trend for CPL Group PCL'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 CPL Group PCL's Current Ratio
For the Footwear & Accessories subindustry, CPL Group PCL'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.
CPL Group PCL's Current Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CPL Group PCL's Current Ratio distribution charts can be found below:
* The bar in red indicates where CPL Group PCL's Current Ratio falls into.
CPL Group PCL 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.
CPL Group PCL's Current Ratio for the fiscal year that ended in Dec. 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.
CPL Group PCL (BKK:CPL) 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.
CPL Group PCL Current Ratio Related Terms
Thank you for viewing the detailed overview of CPL Group PCL's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CPL Group PCL is a leather manufacturer. It is engaged in the manufacturing and distribution of leather products, rendering of tanning service and manufacturing and distribution of personal protective equipment. Its product range includes Full Grain Leather and Suede Split Leather. Its leather is Nubuck Leather, Oil & Wax Leather, Pigment Leather, Sued Leather and Water Proof Leather. Its products manufactured for delivery to domestic and foreign shoe factories. The company's segments are Tannery industry segment which has revenue from sales of finished leather products and rendering service of tanning and Personal protective equipment segment which has revenue from sales of personal protective equipment products.
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