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KALRQ (Kalera) Current Ratio : 0.38 (As of Sep. 2022)


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What is Kalera 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. Kalera's current ratio for the quarter that ended in Sep. 2022 was 0.38.

Kalera has a current ratio of 0.38. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Kalera has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Kalera's Current Ratio or its related term are showing as below:

KALRQ's Current Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.64
* Ranked among companies with meaningful Current Ratio only.

Kalera Current Ratio Historical Data

The historical data trend for Kalera'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.

Kalera Current Ratio Chart

Kalera Annual Data
Trend Dec20 Dec21
Current Ratio
84.72 1.43

Kalera Quarterly Data
Dec20 Jun21 Sep21 Dec21 Jun22 Sep22
Current Ratio Get a 7-Day Free Trial - - 1.43 0.26 0.38

Competitive Comparison of Kalera's Current Ratio

For the Farm Products subindustry, Kalera'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.


Kalera's Current Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kalera's Current Ratio distribution charts can be found below:

* The bar in red indicates where Kalera's Current Ratio falls into.



Kalera 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.

Kalera's Current Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=21.091/14.72
=1.43

Kalera's Current Ratio for the quarter that ended in Sep. 2022 is calculated as

Current Ratio (Q: Sep. 2022 )=Total Current Assets (Q: Sep. 2022 )/Total Current Liabilities (Q: Sep. 2022 )
=7.1/18.646
=0.38

* 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.


Kalera  (OTCPK:KALRQ) 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.


Kalera Current Ratio Related Terms

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Kalera Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
10 Earlsfort Terrace, Dublin, IRL, D02 T380
Kalera PLC is a vertical farming company. It produces fresh, nutritious, and excellent tasting leafy greens with minimal environmental impact. It has spent several years optimizing plant nutrient formulas and developing an advanced automation and data acquisition system with Internet of Things, cloud, big data analytics and artificial intelligence. Kalera currently operates farms in Orlando (Florida), Atlanta (Georgia), Houston (Texas), and Kuwait.
Executives
Jong Brent De director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Andrea Weiss director 23 RAMRAPO COURT WEST, GLENROCK NJ 07452
Maria Sastre director C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
James Leighton director, officer: Chief Executive Officer 11408 NEWPORT BAY DRIVE, BERLIN MD 21811
Robert Arnall director KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Umur Hursever director KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Aric Nissen officer: Chief Marketing Officer KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Henner Schwarz officer: Chief Commercial Officer KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Cristian Toma director, officer: Chief Science Officer KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Austin Martin officer: Chief Operating Officer KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Fernando Cornejo officer: Chief Financial Officer KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Faisal Almeshal director KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Sonny Perdue director KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322
Jade Stinson officer: Chief Innovation Officer KALERA PLC, 7455 EMERALD DUNES DR., ORLANDO FL 82322

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