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Electronic Systems Technology has a current ratio of 30.51. 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 Electronic Systems Technology's Current Ratio or its related term are showing as below:
ELST's Current Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.96 * Ranked among companies with meaningful Current Ratio only.
Electronic Systems Technology (OTCPK:ELST) 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.
Electronic Systems Technology Current Ratio Related Terms
Electronic Systems Technology Current Ratio Historical Data
* 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.
ELST vs AKTSQ, MLRT, CSCO: Current Ratio Comparison
For the Communication Equipment subindustry, Electronic Systems Technology'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.
Electronic Systems Technology Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Electronic Systems Technology's Current Ratio distribution charts can be found below:
* The bar in red indicates where Electronic Systems Technology'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.
Electronic Systems Technology (ELST) has a Current Ratio of 30.51 as of Sep. 2024.
Is Electronic Systems Technology's Current Ratio too high?
Electronic Systems Technology's current Current Ratio is 30.51. The Hardware industry median Current Ratio is 1.96. Electronic Systems Technology's value of 30.51 is 1456.6% above this industry median. Overall, Electronic Systems Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Electronic Systems Technology's Current Ratio compare to AKTSQ and MLRT?
Electronic Systems Technology's Current Ratio of 30.51 can be compared against companies in the Hardware industry. The industry median Current Ratio is 1.96. Electronic Systems Technology's value of 30.51 is 1456.6% above this benchmark. 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 a Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,498 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. Electronic Systems Technology's current Current Ratio of 30.51 is 1456.6% 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 Hardware industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electronic Systems Technology's current Current Ratio is 30.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electronic Systems Technology stock overvalued right now?
Electronic Systems Technology (ELST) has a current Current Ratio of 30.51. The current Current Ratio is 30.51 and 1456.6% above the Hardware industry median of 1.96. Electronic Systems Technology's overall GF Score™ is 12/100. 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 Electronic Systems Technology (ELST), the current Current Ratio is 30.51 as of Sep. 2024. 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.
Electronic Systems Technology Business Description
Electronic Systems Technology Inc is engaged in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. It designs, develops, manufactures, and markets industrial wireless products and accessories. The company's products provide communication solutions for applications underutilized by conventional, commercial-grade communication systems. It offers product lines in markets for process automation in commercial, industrial, and government arenas domestically as well as internationally.
12GF Score
Get the complete analysis for ELST
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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