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. Athanase Innovation AB's current ratio for the quarter that ended in Dec. 2020 was 58.23.
Athanase Innovation AB has a current ratio of 58.23. 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 Athanase Innovation AB's Current Ratio or its related term are showing as below:
OSTO:ATIN's Current Ratio is not ranked *
in the Asset Management industry.
Industry Median: 2.955 * Ranked among companies with meaningful Current Ratio only.
Athanase Innovation AB (OSTO:ATIN) 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.
Athanase Innovation AB Current Ratio Related Terms
Athanase Innovation AB 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.
OSTO:ATIN vs EVG, SMM, NHS: Current Ratio Comparison
For the Asset Management subindustry, Athanase Innovation 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.
Athanase Innovation AB Current Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Athanase Innovation AB's Current Ratio distribution charts can be found below:
* The bar in red indicates where Athanase Innovation 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.
Athanase Innovation AB (OSTO:ATIN) has a Current Ratio of 58.23 as of Dec. 2020.
Is Athanase Innovation AB's Current Ratio too high?
Athanase Innovation AB's current Current Ratio is 58.23. The Asset Management industry median Current Ratio is 2.96. Athanase Innovation AB's value of 58.23 is 1870.6% above this industry median. Overall, Athanase Innovation AB has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Athanase Innovation AB's Current Ratio compare to EVG and SMM?
Athanase Innovation AB's Current Ratio of 58.23 can be compared against companies in the Asset Management industry. The industry median Current Ratio is 2.96. Athanase Innovation AB's value of 58.23 is 1870.6% 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 an Asset Management company?
The median Current Ratio among Asset Management companies is 2.96, based on 706 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. Athanase Innovation AB's current Current Ratio of 58.23 is 1870.6% 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 Asset Management industry, the median Current Ratio is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athanase Innovation AB's current Current Ratio is 58.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athanase Innovation AB stock overvalued right now?
Athanase Innovation AB (OSTO:ATIN) has a current Current Ratio of 58.23. The current Current Ratio is 58.23 and 1870.6% above the Asset Management industry median of 2.96. Athanase Innovation AB's overall GF Score™ is 26/100. 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 Athanase Innovation AB (OSTO:ATIN), the current Current Ratio is 58.23 as of Dec. 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.
Athanase Innovation AB is an alternative investment firm with exposure to both private and public equity. It invests in innovative companies that benefit from trends such as robotics, digitalization, and automation. The principal revenue stream is initially management fees charged on the external fund capital and investment income of the underlying assets.
26GF Score
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