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. Scheid Vineyards's current ratio for the quarter that ended in Aug. 2023 was 1.29.
Scheid Vineyards has a current ratio of 1.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Scheid Vineyards's Current Ratio or its related term are showing as below:
SVIN's Current Ratio is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 1.795 * Ranked among companies with meaningful Current Ratio only.
Scheid Vineyards (OTCPK:SVIN) 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.
Scheid Vineyards Current Ratio Related Terms
Scheid Vineyards Current Ratio Historical Data
* Premium members only.
The historical data trend for Scheid Vineyards'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.
For the Beverages - Wineries & Distilleries subindustry, Scheid Vineyards'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.
Scheid Vineyards Current Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Scheid Vineyards's Current Ratio distribution charts can be found below:
* The bar in red indicates where Scheid Vineyards'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.
Scheid Vineyards (SVIN) has a Current Ratio of 1.29 as of Aug. 2023.
Is Scheid Vineyards' Current Ratio too high?
Scheid Vineyards' current Current Ratio is 1.29. The Beverages - Alcoholic industry median Current Ratio is 1.80. Scheid Vineyards' value of 1.29 is 28.1% below this industry median. Overall, Scheid Vineyards has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Scheid Vineyards' Current Ratio compare to LQR and EAST?
Scheid Vineyards' Current Ratio of 1.29 can be compared against companies in the Beverages - Alcoholic industry. The industry median Current Ratio is 1.80. Scheid Vineyards' value of 1.29 is 28.1% below 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 Beverages - Alcoholic company?
The median Current Ratio among Beverages - Alcoholic companies is 1.80, based on 214 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. Scheid Vineyards's current Current Ratio of 1.29 is 28.1% below 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 Beverages - Alcoholic industry, the median Current Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scheid Vineyards's current Current Ratio is 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scheid Vineyards stock overvalued right now?
Scheid Vineyards (SVIN) has a current Current Ratio of 1.29. The current Current Ratio is 1.29 and 28.1% below the Beverages - Alcoholic industry median of 1.80. Scheid Vineyards' overall GF Score™ is 12/100. 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 Scheid Vineyards (SVIN), the current Current Ratio is 1.29 as of Aug. 2023. 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.
Scheid Vineyards Inc is engaged in the production of premium varietal wine grapes and wine, the operation of a custom crush winery facility, and the sale of bottled wine through wholesalers and directly to consumers. The Company operates premium wine grape vineyards in Monterey County, California. Its segments are Finished Goods Sales, which generate maximum revenue and consist of wholesale transactions of finished packaged wine products sold mainly through distributors; Production Sales, which consist of bulk wine and grape sales and winery custom crush and storage services; and Direct Sales, which represent transactions directly to consumers, including tasting room, wine club and online sales.
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