GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » SSP Group PLC (STU:83S2) » Definitions » Current Ratio

SSP Group (STU:83S2) Current Ratio : 0.44 (As of Sep. 2024)


View and export this data going back to 2019. Start your Free Trial

What is SSP Group 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. SSP Group's current ratio for the quarter that ended in Sep. 2024 was 0.44.

SSP Group has a current ratio of 0.44. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If SSP Group 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 SSP Group's Current Ratio or its related term are showing as below:

STU:83S2' s Current Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.67   Max: 0.8
Current: 0.44

During the past 13 years, SSP Group's highest Current Ratio was 0.80. The lowest was 0.39. And the median was 0.67.

STU:83S2's Current Ratio is ranked worse than
80.57% of 350 companies
in the Restaurants industry
Industry Median: 0.98 vs STU:83S2: 0.44

SSP Group Current Ratio Historical Data

The historical data trend for SSP Group'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.

SSP Group Current Ratio Chart

SSP Group Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.80 0.69 0.48 0.44

SSP Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 0.69 0.56 0.48 0.35 0.44

Competitive Comparison of SSP Group's Current Ratio

For the Restaurants subindustry, SSP Group'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.


SSP Group's Current Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SSP Group's Current Ratio distribution charts can be found below:

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



SSP Group 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.

SSP Group's Current Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Current Ratio (A: Sep. 2024 )=Total Current Assets (A: Sep. 2024 )/Total Current Liabilities (A: Sep. 2024 )
=568.488/1282.852
=0.44

SSP Group's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=568.488/1282.852
=0.44

* 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.


SSP Group  (STU:83S2) 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.


SSP Group Current Ratio Related Terms

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


SSP Group Business Description

Traded in Other Exchanges
Address
32 Jamestown Road, London, GBR, NW1 7HW
SSP Group PLC operates food and beverage units in travel locations such as airports and railway stations. Units range from coffee shops and sandwich bars to casual and fine-dining restaurants. Its units operate under more than 300 different brand names, including both proprietary brands and franchised brands, such as Starbucks and Burger King. Its segments include the UK, Continental Europe, North America and the APAC and EEME.

SSP Group Headlines

No Headlines