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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. GAMCO Investors's current ratio for the quarter that ended in Sep. 2024 was 1.58.
GAMCO Investors has a current ratio of 1.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for GAMCO Investors's Current Ratio or its related term are showing as below:
During the past 13 years, GAMCO Investors's highest Current Ratio was 5.33. The lowest was 0.55. And the median was 1.54.
The historical data trend for GAMCO Investors'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.
GAMCO Investors Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial |
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1.20 | 2.02 | 2.25 | 1.30 | 2.94 |
GAMCO Investors 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 |
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- | 2.94 | 2.67 | 2.59 | 1.58 |
For the Asset Management subindustry, GAMCO Investors'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 Asset Management industry and Financial Services sector, GAMCO Investors's Current Ratio distribution charts can be found below:
* The bar in red indicates where GAMCO Investors'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.
GAMCO Investors'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 ) |
= | 185.885 | / | 63.315 | |
= | 2.94 |
GAMCO Investors'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 ) |
= | 222.855 | / | 140.813 | |
= | 1.58 |
* 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.
GAMCO Investors (OTCPK:GAMI) 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 GAMCO Investors's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ggcp, Inc. | 10 percent owner | 189 MASON STREET, GREENWICH CT 06830 |
Alexis Glick | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Associated Capital Group, Inc. | 10 percent owner | 191 MASON STREET, GREENWICH CT 06830 |
Kieran Caterina | officer: Acting Co-CFO | ONE CORPORATE CENTER, RYE NY 10580 |
Van Der Eb Henry | other: Senior Vice President | 100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015 |
Peter D. Goldstein | officer: General Counsel | 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480 |
Mario J Gabelli | director, 10 percent owner, officer: Chairman of the Board and CEO | 191 MASON STREET, GREENWICH CT 06830 |
Leslie B Daniels | director | 540 MADISON, 22ND FLOOR, NEW YORK NY 10022 |
Elisa M. Wilson | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Raymond Avansino | director | C/O ONE CORPORTATE CENTER, RYE NY 10580 |
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended | 10 percent owner | C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601 |
Diane Lapointe | officer: Acting Co-CFO | ONE CORPORATE CENTER, RYE NY 10580 |
Ggcp Holdings Llc | 10 percent owner | 140 GREENWICH AVENUE, GREENWICH CT 06830 |
Gabelli Securities Inc | 10 percent owner | ONE CORPORATE CENTER, RYE NY 10580 |
Kevin Handwerker | officer: Executive VP & General Counsel |
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