GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Oklo Inc (NYSE:OKLO) » Definitions » Current Ratio

Oklo (OKLO) Current Ratio : 49.03 (As of Jun. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Oklo 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. Oklo's current ratio for the quarter that ended in Jun. 2024 was 49.03.

Oklo has a current ratio of 49.03. 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 Oklo's Current Ratio or its related term are showing as below:

OKLO' s Current Ratio Range Over the Past 10 Years
Min: 3.71   Med: 16.54   Max: 49.03
Current: 49.03

During the past 2 years, Oklo's highest Current Ratio was 49.03. The lowest was 3.71. And the median was 16.54.

OKLO's Current Ratio is ranked better than
99.43% of 529 companies
in the Utilities - Regulated industry
Industry Median: 1.06 vs OKLO: 49.03

Oklo Current Ratio Historical Data

The historical data trend for Oklo'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.

Oklo Current Ratio Chart

Oklo Annual Data
Trend Dec21 Dec22
Current Ratio
23.92 16.54

Oklo Quarterly Data
Dec21 Jun22 Dec22 Jun23 Mar24 Jun24
Current Ratio Get a 7-Day Free Trial - 16.54 3.71 12.00 49.03

Competitive Comparison of Oklo's Current Ratio

For the Utilities - Regulated Electric subindustry, Oklo'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.

Oklo's Current Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Oklo's Current Ratio distribution charts can be found below:

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


Oklo 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.

Oklo's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Current Ratio (A: Dec. 2022 )=Total Current Assets (A: Dec. 2022 )/Total Current Liabilities (A: Dec. 2022 )
=10.488/0.634
=16.54

Oklo's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=239.223/4.879
=49.03

* 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.

Oklo  (NYSE:OKLO) 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.

Oklo Current Ratio Related Terms

Thank you for viewing the detailed overview of Oklo's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Oklo Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Oklo Inc (NYSE:OKLO) » Definitions » Current Ratio
Comparable Companies
Traded in Other Exchanges
N/A
Address
3190 Coronado Drive, Santa Clara, CA, USA, 95054
Website
https://www.oklo.com
Oklo Inc is developing advanced fission power plants to provide clean, reliable, and affordable energy at scale. It is pursuing two complementary tracks to address this demand: providing reliable, commercial-scale energy to customers; and selling used nuclear fuel recycling services to the U.S. market. The Company plans to commercialize its liquid metal fast reactor technology with the Aurora powerhouse product line. The first commercial Aurora powerhouse is designed to produce up to 15 megawatts of electricity (MWe) on both recycled nuclear fuel and fresh fuel.