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. SPB Exchange PJSC's current ratio for the quarter that ended in Jun. 2023 was 157.58.
SPB Exchange PJSC has a current ratio of 157.58. 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 SPB Exchange PJSC's Current Ratio or its related term are showing as below:
MIC:SPBE's Current Ratio is not ranked *
in the Capital Markets industry.
Industry Median: 2.35 * Ranked among companies with meaningful Current Ratio only.
SPB Exchange PJSC (MIC:SPBE) 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.
SPB Exchange PJSC Current Ratio Related Terms
SPB Exchange PJSC Current Ratio Historical Data
* Premium members only.
The historical data trend for SPB Exchange PJSC'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.
MIC:SPBE vs SPGI, CME, ICE: Current Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, SPB Exchange PJSC'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.
SPB Exchange PJSC Current Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SPB Exchange PJSC's Current Ratio distribution charts can be found below:
* The bar in red indicates where SPB Exchange PJSC'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.
SPB Exchange PJSC (MIC:SPBE) has a Current Ratio of 157.58 as of Jun. 2023.
Is SPB Exchange PJSC's Current Ratio too high?
SPB Exchange PJSC's current Current Ratio is 157.58. The Capital Markets industry median Current Ratio is 2.35. SPB Exchange PJSC's value of 157.58 is 6605.5% above this industry median. Overall, SPB Exchange PJSC has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPB Exchange PJSC's Current Ratio compare to SPGI and CME?
SPB Exchange PJSC's Current Ratio of 157.58 can be compared against companies in the Capital Markets industry. The industry median Current Ratio is 2.35. SPB Exchange PJSC's value of 157.58 is 6605.5% above this benchmark. 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 Capital Markets company?
The median Current Ratio among Capital Markets companies is 2.35, based on 690 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. SPB Exchange PJSC's current Current Ratio of 157.58 is 6605.5% 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 Capital Markets industry, the median Current Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPB Exchange PJSC's current Current Ratio is 157.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPB Exchange PJSC stock overvalued right now?
SPB Exchange PJSC (MIC:SPBE) has a current Current Ratio of 157.58. The current Current Ratio is 157.58 and 6605.5% above the Capital Markets industry median of 2.35. SPB Exchange PJSC's overall GF Score™ is 23/100. 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 SPB Exchange PJSC (MIC:SPBE), the current Current Ratio is 157.58 as of Jun. 2023. 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.
SPB Exchange PJSC is an exchange for international securities in the Russian financial market. It operates according to a business-to-business and business-to-customer model, simultaneously focusing on retail investors and financial intermediaries as direct customers. The company provides access to investment products for Russian and international investors, operating through its trading infrastructure and order-routing mechanisms.
23GF Score
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