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. Mayer Steel Pipe's current ratio for the quarter that ended in Dec. 2024 was 1.73.
Mayer Steel Pipe has a current ratio of 1.73. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mayer Steel Pipe's Current Ratio or its related term are showing as below:
TPE:2020'
s Current Ratio Range Over the Past 10 Years
Min: 1.25 Med: 1.4 Max: 1.79
Current: 1.73
During the past 13 years, Mayer Steel Pipe's highest Current Ratio was 1.79. The lowest was 1.25. And the median was 1.40.
TPE:2020's Current Ratio is ranked better than 53.7% of 635
companies
in the Steel industry
Industry Median: 1.66
vs TPE:2020: 1.73
Mayer Steel Pipe Current Ratio Historical Data
The historical data trend for Mayer Steel Pipe'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.
Competitive Comparison of Mayer Steel Pipe's Current Ratio
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe's Current Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Current Ratio distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) 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.
Mayer Steel Pipe Current Ratio Related Terms
Thank you for viewing the detailed overview of Mayer Steel Pipe's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mayer Steel Pipe Corp is engaged in the steel industry. The main business of the company and its divisions are specialized in the manufacture and sale of black steel pipes, galvanized steel pipes, and stainless steel coils for pipes. The company has five reportable segments which include the Steel department, Real estate investment department, Investment department, Mineral trade department, and Hotel services department. The majority of the revenue comes from the Steel department which is engaged in the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
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