Netcad Yazilim ASIST:NETCD -5.58%30 Current Ratio is 4.85 as of Dec. 2024, which is 110% above its 10-year median of 2.31. GuruFocus rates IST:NETCD with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 2,865 Software companies, Netcad Yazilim AS ranks better than 86.28% on this metric.
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. Netcad Yazilim AS's current ratio for the quarter that ended in Dec. 2024 was 4.85.
Netcad Yazilim AS has a current ratio of 4.85. 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 Netcad Yazilim AS's Current Ratio or its related term are showing as below:
IST:NETCD'
s Current Ratio Range Over the Past 10 Years
Min: 1.51 Med: 2.31 Max: 4.85
Current: 4.85
During the past 3 years, Netcad Yazilim AS's highest Current Ratio was 4.85. The lowest was 1.51. And the median was 2.31.
IST:NETCD's Current Ratio is ranked better than 86.28% of 2865
companies
in the Software industry
Industry Median: 1.82
vs IST:NETCD: 4.85
Netcad Yazilim AS (IST:NETCD) 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.
Netcad Yazilim AS Current Ratio Related Terms
Netcad Yazilim AS Current Ratio Historical Data
* Premium members only.
The historical data trend for Netcad Yazilim AS'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.
Netcad Yazilim AS Current Ratio Chart
Netcad Yazilim AS Annual Data
Trend
Dec22
Dec23
Dec24
Current Ratio
1.51
2.31
4.85
Netcad Yazilim AS Semi-Annual Data
Dec22
Dec23
Dec24
Current Ratio
1.51
2.31
4.85
IST:NETCD vs CRM, SHOP, UBER: Current Ratio Comparison
For the Software - Application subindustry, Netcad Yazilim AS'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.
Netcad Yazilim AS Current Ratio vs Software Industry
For the Software industry and Technology sector, Netcad Yazilim AS's Current Ratio distribution charts can be found below:
* The bar in red indicates where Netcad Yazilim AS'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.
Netcad Yazilim AS (IST:NETCD) has a Current Ratio of 4.85 as of Dec. 2024. This is 110% above median its historical median of 2.31. Over the past decade, Netcad Yazilim AS's Current Ratio has ranged from 1.51 to 4.85. According to the industry distribution chart, Netcad Yazilim AS ranks #393 out of 2865 companies in the Software industry, placing it in the top 13.7%.
Is Netcad Yazilim AS's Current Ratio too high?
Netcad Yazilim AS's current Current Ratio of 4.85 is 110% above median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 4.85. The Software industry median Current Ratio is 1.82. Netcad Yazilim AS's value of 4.85 is 166.5% above this industry median. Based on the distribution chart, Netcad Yazilim AS ranks #393 out of 2865 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netcad Yazilim AS has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Netcad Yazilim AS's Current Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Netcad Yazilim AS ranks #393 out of 2865 companies for Current Ratio. This places Netcad Yazilim AS in the top 14% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.82. Netcad Yazilim AS's value of 4.85 is 166.5% above this benchmark. Historically, Netcad Yazilim AS's own Current Ratio has ranged from 1.51 to 4.85 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 1.82, Netcad Yazilim AS has consistently been above 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 Software company?
The median Current Ratio among Software companies is 1.82, based on 2,865 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. Netcad Yazilim AS's current Current Ratio of 4.85 is 166.5% above 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 Software industry, the median Current Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcad Yazilim AS's current Current Ratio is 4.85, which is 110% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcad Yazilim AS stock overvalued right now?
Netcad Yazilim AS (IST:NETCD) has a current Current Ratio of 4.85. The current Current Ratio is 4.85, which is 110% above median its 10-year median of 2.31 and 166.5% above the Software industry median of 1.82. Netcad Yazilim AS's overall GF Score™ is 30/100 with 2 warning signs to review. 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 Netcad Yazilim AS (IST:NETCD), the current Current Ratio is 4.85 as of Dec. 2024. 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.
Netcad Yazilim AS a developer of software in this field in Turkey focused on Geographic Information Systems (GIS), CAD, engineering and smart-city solutions. Its solutions involve Smart Cities, Smart Planning, Digital Mapping, Land Management, Smart Mining, Smart Grid Management, and Smart Transportation.
30GF Score
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