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. CLSA Premium's current ratio for the quarter that ended in Dec. 2024 was 7.96.
CLSA Premium has a current ratio of 7.96. 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 CLSA Premium's Current Ratio or its related term are showing as below:
HKSE:06877'
s Current Ratio Range Over the Past 10 Years
Min: 1.59 Med: 4.64 Max: 21.11
Current: 7.96
During the past 13 years, CLSA Premium's highest Current Ratio was 21.11. The lowest was 1.59. And the median was 4.64.
HKSE:06877's Current Ratio is ranked better than 76.25% of 661
companies
in the Capital Markets industry
Industry Median: 2.4
vs HKSE:06877: 7.96
CLSA Premium Current Ratio Historical Data
The historical data trend for CLSA Premium'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 CLSA Premium's Current Ratio
For the Capital Markets subindustry, CLSA Premium'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.
CLSA Premium's Current Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CLSA Premium's Current Ratio distribution charts can be found below:
* The bar in red indicates where CLSA Premium'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.
CLSA Premium (HKSE:06877) 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.
CLSA Premium Current Ratio Related Terms
Thank you for viewing the detailed overview of CLSA Premium's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CLSA Premium Ltd operates in the financial services sector. It provides leveraged forex and other trading, cash dealing, sales of healthcare products, and other services.. The operating segments of the group are the Margin dealing segment. Unallocated segment, Healthcare products segment, The margin dealing segment is engaged in the provision of leveraged foreign exchange, commodity, and index trading services in Australia, Hong Kong, and New Zealand. The healthcare products segment engages in the sales of healthcare products. It has a business presence in Hong Kong, Australia, New Zealand, and Other countries.
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