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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:
During the past 5 years, FIGS's highest Current Ratio was 6.73. The lowest was 2.70. And the median was 5.01.
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.
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 | 5.63 | 6.73 | 5.65 | 5.45 | 4.58 |
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.
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.
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.
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.
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 |
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