Coda Octopus GroupCODA +1.37%89 Current Ratio is 10.15 as of Apr. 2026, which is 16% above its 10-year median of 8.74. GuruFocus rates CODA with a GF Score™ of 89/100 and a GF Value™ of $10.12 (Fairly Valued). The stock has 1 warning sign investors should review. Among 357 Aerospace & Defense companies, Coda Octopus Group ranks better than 96.08% on this metric.
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. Coda Octopus Group's current ratio for the quarter that ended in Apr. 2026 was 10.15.
Coda Octopus Group has a current ratio of 10.15. 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 Coda Octopus Group's Current Ratio or its related term are showing as below:
CODA'
s Current Ratio Range Over the Past 10 Years
Min: 3.03 Med: 8.74 Max: 20.94
Current: 10.15
During the past 13 years, Coda Octopus Group's highest Current Ratio was 20.94. The lowest was 3.03. And the median was 8.74.
CODA's Current Ratio is ranked better than 96.08% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.93
vs CODA: 10.15
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group Current Ratio Related Terms
Coda Octopus Group Current Ratio Historical Data
* Premium members only.
The historical data trend for Coda Octopus 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.
CODA vs VWAV, HOVR, OPXS: Current Ratio Comparison
For the Aerospace & Defense subindustry, Coda Octopus 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.
Coda Octopus Group Current Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's Current Ratio falls into.
* 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.
Coda Octopus Group (CODA) has a Current Ratio of 10.15 as of Apr. 2026. This is 16% above median its historical median of 8.74. Over the past decade, Coda Octopus Group's Current Ratio has ranged from 3.03 to 20.94. According to the industry distribution chart, Coda Octopus Group ranks #14 out of 357 companies in the Aerospace & Defense industry, placing it in the top 3.9%.
Is Coda Octopus Group's Current Ratio too high?
Coda Octopus Group's current Current Ratio of 10.15 is 16% above median its 10-year median of 8.74. Over the past 10 years, this metric has ranged from a low of 3.03 to a high of 20.94. The Aerospace & Defense industry median Current Ratio is 1.93. Coda Octopus Group's value of 10.15 is 425.9% above this industry median. Based on the distribution chart, Coda Octopus Group ranks #14 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Coda Octopus Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's Current Ratio compare to VWAV and HOVR?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #14 out of 357 companies for Current Ratio. This places Coda Octopus Group in the top 4% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.93. Coda Octopus Group's value of 10.15 is 425.9% above this benchmark. Historically, Coda Octopus Group's own Current Ratio has ranged from 3.03 to 20.94 over the past decade. While the company's 10-year median is 8.74 vs. the industry median of 1.93, Coda Octopus Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Aerospace & Defense company?
The median Current Ratio among Aerospace & Defense companies is 1.93, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coda Octopus Group's current Current Ratio of 10.15 is 425.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Current Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current Current Ratio is 10.15, which is 16% above median its own 10-year median of 8.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.12, compared to a current price of $9.58 — trading 5.3% below its estimated fair value. The current Current Ratio is 10.15, which is 16% above median its 10-year median of 8.74 and 425.9% above the Aerospace & Defense industry median of 1.93. Coda Octopus Group's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Coda Octopus Group (CODA), the current Current Ratio is 10.15 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $9.58 is trading 5.3% below its estimated GF Value™ of $10.12.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
Current Ratio: 10.15 (16% above median its 10-year median of 8.74)
GF Value™: $10.12 vs. price of $9.58 (5.3% below fair value)
Industry Position: 425.9% above the Aerospace & Defense median (#14 of 357)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
89GF Score
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