Phase Holographic Imaging PHI AB has a current ratio of 1.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for Phase Holographic Imaging PHI AB's Current Ratio or its related term are showing as below:
FRA:L5W'
s Current Ratio Range Over the Past 10 Years
Min: 0.4 Med: 2.82 Max: 10.02
Current: 1.58
During the past 13 years, Phase Holographic Imaging PHI AB's highest Current Ratio was 10.02. The lowest was 0.40. And the median was 2.82.
FRA:L5W's Current Ratio is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 2.49
vs FRA:L5W: 1.58
Phase Holographic Imaging PHI AB (FRA:L5W) 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.
Phase Holographic Imaging PHI AB Current Ratio Related Terms
Phase Holographic Imaging PHI AB 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.
Phase Holographic Imaging PHI AB Current Ratio Chart
FRA:L5W vs ABT, BSX, SYK: Current Ratio Comparison
For the Medical Devices subindustry, Phase Holographic Imaging PHI AB'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.
Phase Holographic Imaging PHI AB Current Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Phase Holographic Imaging PHI AB's Current Ratio distribution charts can be found below:
* The bar in red indicates where Phase Holographic Imaging PHI AB'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.
Phase Holographic Imaging PHI AB (FRA:L5W) has a Current Ratio of 1.58 as of Oct. 2025. This is 44% below median its historical median of 2.82. Over the past decade, Phase Holographic Imaging PHI AB's Current Ratio has ranged from 0.40 to 10.02.
Is Phase Holographic Imaging PHI AB's Current Ratio too high?
Phase Holographic Imaging PHI AB's current Current Ratio of 1.58 is 44% below median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 10.02. The Medical Devices & Instruments industry median Current Ratio is 2.49. Phase Holographic Imaging PHI AB's value of 1.58 is 36.5% below this industry median.
How does Phase Holographic Imaging PHI AB's Current Ratio compare to ABT and BSX?
Phase Holographic Imaging PHI AB's Current Ratio of 1.58 can be compared against companies in the Medical Devices & Instruments industry. The industry median Current Ratio is 2.49. Phase Holographic Imaging PHI AB's value of 1.58 is 36.5% below this benchmark. Historically, Phase Holographic Imaging PHI AB's own Current Ratio has ranged from 0.40 to 10.02 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 2.49, Phase Holographic Imaging PHI AB has consistently been below the industry average. 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 Medical Devices & Instruments company?
The median Current Ratio among Medical Devices & Instruments companies is 2.49, based on 854 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. Phase Holographic Imaging PHI AB's current Current Ratio of 1.58 is 36.5% below 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 Medical Devices & Instruments industry, the median Current Ratio is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phase Holographic Imaging PHI AB's current Current Ratio is 1.58, which is 44% below median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phase Holographic Imaging PHI AB stock overvalued right now?
Phase Holographic Imaging PHI AB (FRA:L5W) has a current Current Ratio of 1.58. The stock's GF Value™ is €0.23, compared to a current price of €0.04 — trading 81% below its estimated fair value. The current Current Ratio is 1.58, which is 44% below median its 10-year median of 2.82 and 36.5% below the Medical Devices & Instruments industry median of 2.49. 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 Phase Holographic Imaging PHI AB (FRA:L5W), the current Current Ratio is 1.58 as of Oct. 2025. 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.
Phase Holographic Imaging PHI AB Business Description
Phase Holographic Imaging PHI AB is a medical device company that develops and markets non-invasive time-lapse imaging instruments used for the quantitative long-term analysis of living cell cultures. The company's commercial HoloMonitor products are based on Quantitative Phase Imaging (QPI) technology, which is used for real-time cell quality evaluation. Geographically, it has presence in Lund, Sweden, with offices in Boston, MA and Winston-Salem, NC.
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