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. Karnell Group AB's current ratio for the quarter that ended in Mar. 2024 was 2.34.
Karnell Group AB has a current ratio of 2.34. It generally indicates good short-term financial strength.
The historical rank and industry rank for Karnell Group AB's Current Ratio or its related term are showing as below:
FRA:O4X'
s Current Ratio Range Over the Past 10 Years
Min: 1.79 Med: 2.21 Max: 2.37
Current: 2.34
During the past 3 years, Karnell Group AB's highest Current Ratio was 2.37. The lowest was 1.79. And the median was 2.21.
FRA:O4X's Current Ratio is ranked worse than 56.3% of 682
companies
in the Asset Management industry
Industry Median: 2.95
vs FRA:O4X: 2.34
Karnell Group AB Current Ratio Historical Data
The historical data trend for Karnell Group AB'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.
Karnell Group AB Current Ratio Chart
Karnell Group AB Annual Data
Trend
Dec21
Dec22
Dec23
Current Ratio
2.37
1.79
2.08
Karnell Group AB Quarterly Data
Dec21
Dec22
Mar23
Dec23
Mar24
Current Ratio
2.37
1.79
-
2.08
2.34
Competitive Comparison of Karnell Group AB's Current Ratio
For the Asset Management subindustry, Karnell Group 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.
Karnell Group AB's Current Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Karnell Group AB's Current Ratio distribution charts can be found below:
* The bar in red indicates where Karnell Group AB's Current Ratio falls into.
Karnell Group AB 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.
Karnell Group AB's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Karnell Group AB (FRA:O4X) 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.
Karnell Group AB Current Ratio Related Terms
Thank you for viewing the detailed overview of Karnell Group AB's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:O4X has been successfully added to your