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Goobit Group ABNGM:BTCX -9.09% Current Ratio is 0.80 as of Apr. 2026, which is 5% above its 10-year median of 0.76. The stock has 2 warning signs investors should review. Among 691 Capital Markets companies, Goobit Group AB ranks worse than 90.45% 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. Goobit Group AB's current ratio for the quarter that ended in Apr. 2026 was 0.80.
Goobit Group AB has a current ratio of 0.80. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Goobit Group AB 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 Goobit Group AB's Current Ratio or its related term are showing as below:
NGM:BTCX'
s Current Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.76 Max: 2.54
Current: 0.8
During the past 8 years, Goobit Group AB's highest Current Ratio was 2.54. The lowest was 0.38. And the median was 0.76.
NGM:BTCX's Current Ratio is ranked worse than 90.45% of 691
companies
in the Capital Markets industry
Industry Median: 2.27
vs NGM:BTCX: 0.80
Goobit Group AB (NGM:BTCX) 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.
Goobit Group AB Current Ratio Related Terms
Goobit Group AB Current Ratio Historical Data
* Premium members only.
The historical data trend for Goobit Group AB'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.
NGM:BTCX vs SPGI, CME, MCO: Current Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Goobit Group AB'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.
Goobit Group AB Current Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Goobit Group AB's Current Ratio distribution charts can be found below:
* The bar in red indicates where Goobit Group AB'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.
Goobit Group AB (NGM:BTCX) has a Current Ratio of 0.80 as of Apr. 2026. This is near median its historical median of 0.76. Over the past decade, Goobit Group AB's Current Ratio has ranged from 0.38 to 2.54. According to the industry distribution chart, Goobit Group AB ranks #625 out of 691 companies in the Capital Markets industry, placing it in the top 90.4%.
Is Goobit Group AB's Current Ratio too high?
Goobit Group AB's current Current Ratio of 0.80 is near median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.54. The Capital Markets industry median Current Ratio is 2.27. Goobit Group AB's value of 0.80 is 64.8% below this industry median. Based on the distribution chart, Goobit Group AB ranks #625 out of 691 companies in the Capital Markets industry, which is in the bottom quartile relative to peers.
How does Goobit Group AB's Current Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Goobit Group AB ranks #625 out of 691 companies for Current Ratio. This places Goobit Group AB in the lower half of its industry. The industry median Current Ratio is 2.27. Goobit Group AB's value of 0.80 is 64.8% below this benchmark. Historically, Goobit Group AB's own Current Ratio has ranged from 0.38 to 2.54 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 2.27, Goobit Group AB has consistently been below 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 Capital Markets company?
The median Current Ratio among Capital Markets companies is 2.27, based on 691 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. Goobit Group AB's current Current Ratio of 0.80 is 64.8% 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 Capital Markets industry, the median Current Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goobit Group AB's current Current Ratio is 0.80, which is near median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goobit Group AB stock overvalued right now?
Based on GuruFocus' analysis, Goobit Group AB (NGM:BTCX) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.06, compared to a current price of kr0.04 — trading 33.3% below its estimated fair value. The current Current Ratio is 0.80, which is near median its 10-year median of 0.76 and 64.8% below the Capital Markets industry median of 2.27. 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 Goobit Group AB (NGM:BTCX), the current Current Ratio is 0.80 as of Apr. 2026. 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.
Goobit Group AB is a Swedish cryptocurrency and blockchain company. The company operates BTCX, a Bitcoin exchange platform, offering exchange services in Swedish kronor and euros. It operates under the brands BTCX Express Exchange, BTCX Standard Exchange and BTCX OTC Service. The company also provides AML Desk, a compliance service focused on anti-money laundering and crypto-asset risk assessment.
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