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Valora Effekten Handel AG (FRA:VEH) Current Ratio : 40.74 (As of Dec. 2023)


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What is Valora Effekten Handel AG 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. Valora Effekten Handel AG's current ratio for the quarter that ended in Dec. 2023 was 40.74.

Valora Effekten Handel AG has a current ratio of 40.74. 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 Valora Effekten Handel AG's Current Ratio or its related term are showing as below:

FRA:VEH' s Current Ratio Range Over the Past 10 Years
Min: 10.88   Med: 39.06   Max: 72.14
Current: 40.74

During the past 13 years, Valora Effekten Handel AG's highest Current Ratio was 72.14. The lowest was 10.88. And the median was 39.06.

FRA:VEH's Current Ratio is ranked better than
87.13% of 668 companies
in the Capital Markets industry
Industry Median: 2.195 vs FRA:VEH: 40.74

Valora Effekten Handel AG Current Ratio Historical Data

The historical data trend for Valora Effekten Handel AG'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.

Valora Effekten Handel AG Current Ratio Chart

Valora Effekten Handel AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.06 12.39 24.38 23.28 40.74

Valora Effekten Handel AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 24.38 44.67 23.28 22.33 40.74

Competitive Comparison of Valora Effekten Handel AG's Current Ratio

For the Capital Markets subindustry, Valora Effekten Handel AG'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.


Valora Effekten Handel AG's Current Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Valora Effekten Handel AG's Current Ratio distribution charts can be found below:

* The bar in red indicates where Valora Effekten Handel AG's Current Ratio falls into.



Valora Effekten Handel AG 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.

Valora Effekten Handel AG'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 )
=1.711/0.042
=40.74

Valora Effekten Handel AG's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=1.711/0.042
=40.74

* 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.


Valora Effekten Handel AG  (FRA:VEH) 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.


Valora Effekten Handel AG Current Ratio Related Terms

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Valora Effekten Handel AG (FRA:VEH) Business Description

Traded in Other Exchanges
Address
Am Hardtwald 7, Ettlingen, DEU, 76275
Valora Effekten Handel AG is a Germany based company. It operates in the financial services sector. It is engaged in the trading of non-listed shares and securities in Germany. It provides brokerage services for institutional investors, such as banks, stockbrokers, and other professional and private customers.

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