GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Exceed Co Ltd (OTCPK:EDSFF) » Definitions » Current Ratio

Exceed Co (Exceed Co) Current Ratio : 7.79 (As of Jun. 2014)


View and export this data going back to . Start your Free Trial

What is Exceed Co Current Ratio?

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. Exceed Co's current ratio for the quarter that ended in Jun. 2014 was 7.79.

Exceed Co has a current ratio of 7.79. 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 Exceed Co's Current Ratio or its related term are showing as below:

EDSFF's Current Ratio is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 1.65
* Ranked among companies with meaningful Current Ratio only.

Exceed Co Current Ratio Historical Data

The historical data trend for Exceed Co'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.

* Premium members only.

Exceed Co Current Ratio Chart

Exceed Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Current Ratio
Get a 7-Day Free Trial 3.65 6.94 13.79 17.09 12.49

Exceed Co Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Jun14
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.57 12.29 9.85 12.49 7.79

Competitive Comparison of Exceed Co's Current Ratio

For the Apparel Manufacturing subindustry, Exceed Co'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.


Exceed Co's Current Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Exceed Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Exceed Co's Current Ratio falls into.



Exceed Co 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.

Exceed Co's Current Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Current Ratio (A: Dec. 2013 )=Total Current Assets (A: Dec. 2013 )/Total Current Liabilities (A: Dec. 2013 )
=274.826/22.006
=12.49

Exceed Co's Current Ratio for the quarter that ended in Jun. 2014 is calculated as

Current Ratio (Q: Jun. 2014 )=Total Current Assets (Q: Jun. 2014 )/Total Current Liabilities (Q: Jun. 2014 )
=273.914/35.182
=7.79

* 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.


Exceed Co  (OTCPK:EDSFF) 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.


Exceed Co Current Ratio Related Terms

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


Exceed Co (Exceed Co) Business Description

Traded in Other Exchanges
N/A
Address
79 Chatham Road South, Level 12, China Minmetals Tower, Tsim Sha Tsui, Kowloon, HKG
Exceed Co Ltd is engaged in the apparel industry. Its activities comprise of design, development, and wholesale of sporting goods, including footwear, apparel, and accessories, under its own brand. Its products include footwear, which comprises running, leisure, basketball, skateboarding, canvas, tennis, and outdoor footwear; apparel, which comprises sports tops, pants, jackets, tracksuits and coats, and accessories, which comprise bags, socks, hats, and caps.

Exceed Co (Exceed Co) Headlines

No Headlines