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. The Place Holdings's current ratio for the quarter that ended in Dec. 2024 was 11.01.
The Place Holdings has a current ratio of 11.01. 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 The Place Holdings's Current Ratio or its related term are showing as below:
FRA:95N'
s Current Ratio Range Over the Past 10 Years
Min: 0.79 Med: 10.9 Max: 148.61
Current: 11.01
During the past 13 years, The Place Holdings's highest Current Ratio was 148.61. The lowest was 0.79. And the median was 10.90.
FRA:95N's Current Ratio is ranked better than 96.48% of 1052
companies
in the Media - Diversified industry
Industry Median: 1.64
vs FRA:95N: 11.01
The Place Holdings Current Ratio Historical Data
The historical data trend for The Place Holdings'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.
Competitive Comparison of The Place Holdings's Current Ratio
For the Advertising Agencies subindustry, The Place Holdings'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.
The Place Holdings's Current Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, The Place Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where The Place Holdings'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.
The Place Holdings (FRA:95N) 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.
The Place Holdings Current Ratio Related Terms
Thank you for viewing the detailed overview of The Place Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Place Holdings Ltd is an investment holding company that invests in develops and manages media-related businesses. It manages various cultural events and activities; and focuses on the provision of branding strategy, planning, and organizing of corporate events, exhibitions, and other events. It also engages in the development and operation of integrated tourism business including the development of commercial malls, hotels, entertainment and recreation facilities, resorts, corporate clubhouses, and wellness resorts for the elderly. In addition, the firm invests in a new retail business. It operates in two segments Media and event management and Property development. The Media and event management accounts for all of the firm's revenue.
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