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Roblon AS (OCSE:RBLN B) Current Ratio : 4.47 (As of Oct. 2024)


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What is Roblon AS Current Ratio?

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. Roblon AS's current ratio for the quarter that ended in Oct. 2024 was 4.47.

Roblon AS has a current ratio of 4.47. 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 Roblon AS's Current Ratio or its related term are showing as below:

OCSE:RBLN B' s Current Ratio Range Over the Past 10 Years
Min: 1.61   Med: 4.54   Max: 7.65
Current: 4.47

During the past 13 years, Roblon AS's highest Current Ratio was 7.65. The lowest was 1.61. And the median was 4.54.

OCSE:RBLN B's Current Ratio is ranked better than
86.58% of 3018 companies
in the Industrial Products industry
Industry Median: 2 vs OCSE:RBLN B: 4.47

Roblon AS Current Ratio Historical Data

The historical data trend for Roblon AS'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.

* Premium members only.

Roblon AS Current Ratio Chart

Roblon AS Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.02 3.35 1.61 2.00 4.47

Roblon AS Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 2.47 3.10 3.55 4.47

Competitive Comparison of Roblon AS's Current Ratio

For the Electrical Equipment & Parts subindustry, Roblon AS'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.


Roblon AS's Current Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Roblon AS's Current Ratio distribution charts can be found below:

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



Roblon AS 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.

Roblon AS's Current Ratio for the fiscal year that ended in Oct. 2024 is calculated as

Current Ratio (A: Oct. 2024 )=Total Current Assets (A: Oct. 2024 )/Total Current Liabilities (A: Oct. 2024 )
=180.259/40.295
=4.47

Roblon AS's Current Ratio for the quarter that ended in Oct. 2024 is calculated as

Current Ratio (Q: Oct. 2024 )=Total Current Assets (Q: Oct. 2024 )/Total Current Liabilities (Q: Oct. 2024 )
=180.259/40.295
=4.47

* 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.


Roblon AS  (OCSE:RBLN B) 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.


Roblon AS Current Ratio Related Terms

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Roblon AS Business Description

Traded in Other Exchanges
N/A
Address
Nordhavnsvej 1, Frederikshavn, DNK, DK-9900
Roblon AS is a Denmark-based company. It operates in business segments that are Industrial Fiber, which comprises development, production and sale of strength element solutions, fibre optic cable components to the fibre optic cable industry, and composites to offshore and other industries; and Engineering, which comprises development, production and sale of rope-making equipment, twisters and winders, and cable machinery. The Industrial Fiber segment generates maximum revenue for the company. Geographically, the company offers its services to the United Kingdom, Asia, Brazil, Latin America, and North America.

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