NuVim (NUVM) Current Ratio: 15.00 (As of Jun. 2022)

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What is NuVim Current Ratio?

NuVim NUVM Current Ratio is 15.00 as of Jun. 2022.

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. NuVim's current ratio for the quarter that ended in Jun. 2022 was 15.00.

NuVim has a current ratio of 15.00. 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 NuVim's Current Ratio or its related term are showing as below:

NUVM's Current Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.73
* Ranked among companies with meaningful Current Ratio only.

NuVim  (OTCPK:NUVM) 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.


NuVim Current Ratio Related Terms


NuVim Current Ratio Historical Data

* Premium members only.

The historical data trend for NuVim'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.

NuVim Current Ratio Chart

NuVim Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07
Current Ratio
0.04 0.04 0.28 0.48 0.28

NuVim Semi-Annual Data
Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Jun21 Jun22
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.28 0.27 0.00 15.00

NUVM vs MTTCF, PLBLF, KHC: Current Ratio Comparison

For the Packaged Foods subindustry, NuVim'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.


NuVim Current Ratio vs Consumer Packaged Goods Industry

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

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



NuVim 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.

NuVim's Current Ratio for the fiscal year that ended in Dec. 2007 is calculated as

Current Ratio (A: Dec. 2007 )=Total Current Assets (A: Dec. 2007 )/Total Current Liabilities (A: Dec. 2007 )
=0.266/0.942
=0.28

NuVim's Current Ratio for the quarter that ended in Jun. 2022 is calculated as

Current Ratio (Q: Jun. 2022 )=Total Current Assets (Q: Jun. 2022 )/Total Current Liabilities (Q: Jun. 2022 )
=0.015/0.001
=15.00

* 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.

Frequently Asked Questions Learn more about Current Ratio →
What does a Current Ratio of 15.00 mean?
NuVim (NUVM) has a Current Ratio of 15.00 as of Jun. 2022.
Is NuVim's Current Ratio too high?
NuVim's current Current Ratio is 15.00. The Consumer Packaged Goods industry median Current Ratio is 1.73. NuVim's value of 15.00 is 767.1% above this industry median.
How does NuVim's Current Ratio compare to MTTCF and PLBLF?
NuVim's Current Ratio of 15.00 can be compared against companies in the Consumer Packaged Goods industry. The industry median Current Ratio is 1.73. NuVim's value of 15.00 is 767.1% 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 Consumer Packaged Goods company?
The median Current Ratio among Consumer Packaged Goods companies is 1.73, based on 1,988 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. NuVim's current Current Ratio of 15.00 is 767.1% 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 Consumer Packaged Goods industry, the median Current Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NuVim's current Current Ratio is 15.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NuVim stock overvalued right now?
NuVim (NUVM) has a current Current Ratio of 15.00. The current Current Ratio is 15.00 and 767.1% above the Consumer Packaged Goods industry median of 1.73. 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 NuVim (NUVM), the current Current Ratio is 15.00 as of Jun. 2022. 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.

NuVim Business Description

Address 32 Broughton Drive, Myrtle Beach, SC, USA, 29579
NuVim Inc is engaged in producing, marketing, and distributing powder mix dietary supplements under the NuVim brand. The company provides consumers with products that help bring an overall quality of life and help address specific health concerns. Its products help strengthen the immune system, enhance muscle, and bone health, and aid in consistent digestion while delivering daily requirements of vitamins C, E, B12, and zinc. There are varieties of powder mix products, Chocolate, Vanilla, and Strawberry, sold from its website. The NuVim dietary supplement products are marketed to both men and women in all stages of life and to help professional athletes, weekend warriors, and those incurring immune dysfunction or lack of energy and mental alertness.