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. Barry Callebaut AG's current ratio for the quarter that ended in Feb. 2024 was 1.27.
Barry Callebaut AG has a current ratio of 1.27. It generally indicates good short-term financial strength.
The historical rank and industry rank for Barry Callebaut AG's Current Ratio or its related term are showing as below:
BYCBF'
s Current Ratio Range Over the Past 10 Years
Min: 1.27 Med: 1.53 Max: 1.98
Current: 1.27
During the past 13 years, Barry Callebaut AG's highest Current Ratio was 1.98. The lowest was 1.27. And the median was 1.53.
BYCBF's Current Ratio is ranked worse than 65.71% of 1907
companies
in the Consumer Packaged Goods industry
Industry Median: 1.66
vs BYCBF: 1.27
Barry Callebaut AG Current Ratio Historical Data
The historical data trend for Barry Callebaut AG'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 Barry Callebaut AG's Current Ratio
For the Confectioners subindustry, Barry Callebaut AG'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.
Barry Callebaut AG's Current Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Barry Callebaut AG's Current Ratio distribution charts can be found below:
* The bar in red indicates where Barry Callebaut AG's Current Ratio falls into.
Barry Callebaut AG 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.
Barry Callebaut AG's Current Ratio for the fiscal year that ended in Aug. 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.
Barry Callebaut AG (OTCPK:BYCBF) 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.
Barry Callebaut AG Current Ratio Related Terms
Thank you for viewing the detailed overview of Barry Callebaut AG's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Barry Callebaut AG (Barry Callebaut AG) Business Description
Barry Callebaut is a significant manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage makers as well as craftspeople, chocolatiers, pastry chefs, and bakers who utilize chocolate professionally. Barry Callebaut is vertically integrated from raw material (cocoa bean) procurement through chocolate manufacture, while not owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods. Barry Callebaut's sustainability endeavors are reflected in the fact that the company's Sustainalytics ESG Risk Rating is one of the lowest in its subcategory and first among its peers.
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