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FIGS (FIGS) Current Ratio : 4.58 (As of Sep. 2024)


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What is FIGS 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. FIGS's current ratio for the quarter that ended in Sep. 2024 was 4.58.

FIGS has a current ratio of 4.58. 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 FIGS's Current Ratio or its related term are showing as below:

FIGS' s Current Ratio Range Over the Past 10 Years
Min: 2.7   Med: 5.01   Max: 6.73
Current: 4.58

During the past 5 years, FIGS's highest Current Ratio was 6.73. The lowest was 2.70. And the median was 5.01.

FIGS's Current Ratio is ranked better than
86.83% of 1071 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.67 vs FIGS: 4.58

FIGS Current Ratio Historical Data

The historical data trend for FIGS'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.

FIGS Current Ratio Chart

FIGS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
2.70 3.70 4.70 4.99 6.73

FIGS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.63 6.73 5.65 5.45 4.58

Competitive Comparison of FIGS's Current Ratio

For the Apparel Manufacturing subindustry, FIGS'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.


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

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

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



FIGS 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.

FIGS's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=385.659/57.292
=6.73

FIGS's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=434.294/94.745
=4.58

* 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.


FIGS  (NYSE:FIGS) 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.


FIGS Current Ratio Related Terms

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


FIGS Business Description

Traded in Other Exchanges
N/A
Address
2834 Colorado Avenue, Suite 100, Santa Monica, CA, USA, 90404
FIGS Inc is a healthcare apparel company. The Company designs and sells scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear and other apparel. The Company markets and sells its products in the United States. Sales are generated through the Company's digital platforms.
Executives
Heather L. Hasson director, 10 percent owner, officer: Co-Chief Executive Officer C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Daniella Turenshine officer: Chief Financial Officer C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Mario Jesus Marte director C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Catherine Eva Spear director, 10 percent owner, officer: Co-Chief Executive Officer 16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Michael J Soenen director C/O FIGS INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Thomas Tull 10 percent owner 27 N. WACKER DRIVE #523, CHICAGO IL 60606
Jeffrey A Wilke director PO BOX 81226, SEATTLE WA 98108-1226
Alan G Lafley director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Kenneth Jian-hong Lin director C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Tulco, Llc 10 percent owner 1000 COMMERCE DRIVE, 2ND FLOOR, PITTSBURGH PA 15275
Viking Global Investors Lp 10 percent owner 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901
Sheila Antrum director 5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
John Martin Willhite director C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Christopher Peter Varelas director C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Jeffrey D Lawrence officer: Chief Financial Officer 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105