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. Lok'n Store Group's current ratio for the quarter that ended in Jan. 2024 was 2.14.
Lok'n Store Group has a current ratio of 2.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for Lok'n Store Group's Current Ratio or its related term are showing as below:
LSE:LOK'
s Current Ratio Range Over the Past 10 Years
Min: 0.78 Med: 2.14 Max: 6.41
Current: 2.14
During the past 13 years, Lok'n Store Group's highest Current Ratio was 6.41. The lowest was 0.78. And the median was 2.14.
LSE:LOK's Current Ratio is ranked better than 63.78% of 1814
companies
in the Real Estate industry
Industry Median: 1.63
vs LSE:LOK: 2.14
Lok'n Store Group Current Ratio Historical Data
The historical data trend for Lok'n Store Group'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 Lok'n Store Group's Current Ratio
For the Real Estate Services subindustry, Lok'n Store Group'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.
Lok'n Store Group's Current Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Lok'n Store Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Lok'n Store Group's Current Ratio falls into.
Lok'n Store Group 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.
Lok'n Store Group's Current Ratio for the fiscal year that ended in Jul. 2023 is calculated as
* 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.
Lok'n Store Group (LSE:LOK) 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.
Lok'n Store Group Current Ratio Related Terms
Thank you for viewing the detailed overview of Lok'n Store Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lok'n Store Group PLC operates in the real estate industry based in the United Kingdom. Its business involves buying or leasing warehouses or industrial buildings and letting them out as self-storage units to its customers. Operating through the Self-Storage segments, the company caters to both households and business customers. Its self-storage segment accounts for the bulk of its operations with the provision of storage rooms, student storage, pallet storage, warehouse space, self-storage archiving, flexible office space, and multi-site business storage accounts.
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