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. Gruppo Green Power SpA's current ratio for the quarter that ended in Jun. 2020 was 0.92.
Gruppo Green Power SpA has a current ratio of 0.92. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Gruppo Green Power SpA 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 Gruppo Green Power SpA's Current Ratio or its related term are showing as below:
MIL:GGP's Current Ratio is not ranked *
in the Semiconductors industry.
Industry Median: 2.48 * Ranked among companies with meaningful Current Ratio only.
Gruppo Green Power SpA (MIL:GGP) 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.
Gruppo Green Power SpA Current Ratio Related Terms
Gruppo Green Power SpA Current Ratio Historical Data
* 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.
MIL:GGP vs ENPH, SEDG, FSLR: Current Ratio Comparison
For the Solar subindustry, Gruppo Green Power SpA'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.
Gruppo Green Power SpA Current Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Gruppo Green Power SpA's Current Ratio distribution charts can be found below:
* The bar in red indicates where Gruppo Green Power SpA'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.
Gruppo Green Power SpA (MIL:GGP) has a Current Ratio of 0.92 as of Jun. 2020.
Is Gruppo Green Power SpA's Current Ratio too high?
Gruppo Green Power SpA's current Current Ratio is 0.92. The Semiconductors industry median Current Ratio is 2.48. Gruppo Green Power SpA's value of 0.92 is 62.9% below this industry median. Overall, Gruppo Green Power SpA has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Gruppo Green Power SpA's Current Ratio compare to ENPH and SEDG?
Gruppo Green Power SpA's Current Ratio of 0.92 can be compared against companies in the Semiconductors industry. The industry median Current Ratio is 2.48. Gruppo Green Power SpA's value of 0.92 is 62.9% below 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 Semiconductors company?
The median Current Ratio among Semiconductors companies is 2.48, based on 1,028 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. Gruppo Green Power SpA's current Current Ratio of 0.92 is 62.9% below 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 Semiconductors industry, the median Current Ratio is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gruppo Green Power SpA's current Current Ratio is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gruppo Green Power SpA stock overvalued right now?
Gruppo Green Power SpA (MIL:GGP) has a current Current Ratio of 0.92. The current Current Ratio is 0.92 and 62.9% below the Semiconductors industry median of 2.48. Gruppo Green Power SpA's overall GF Score™ is 4/100. 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 Gruppo Green Power SpA (MIL:GGP), the current Current Ratio is 0.92 as of Jun. 2020. 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.
Gruppo Green Power SpA provides services related to energy from renewable resources, such as water, sun, wind and geothermal energy. It offers photovoltaic systems, mini wind solar thermal systems and services.
4GF Score
Get the complete analysis for MIL:GGP
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:GGP has been successfully added to your 
