Garcia Reguera (BUE:REGE) Current Ratio : 2.37 (As of May. 2024)

Garcia Reguera Current Ratio Chart

Garcia Reguera Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Current Ratio		Get a 7-Day Free Trial					1.36	1.58	1.79	2.16	2.60

Garcia Reguera Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Current Ratio	Get a 7-Day Free Trial															2.08	2.60	2.66	2.64	2.37

Competitive Comparison of Garcia Reguera's Current Ratio

For the Department Stores subindustry, Garcia Reguera'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.

Garcia Reguera's Current Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Garcia Reguera's Current Ratio distribution charts can be found below:

* The bar in red indicates where Garcia Reguera's Current Ratio falls into.

Garcia Reguera 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.

Garcia Reguera's Current Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Garcia Reguera's Current Ratio for the quarter that ended in May. 2024 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.

Garcia Reguera  (BUE:REGE) 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.

Garcia Reguera Current Ratio Related Terms

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

Garcia Reguera Business Description