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. Thai Rayon PCL's current ratio for the quarter that ended in Mar. 2026 was 1.11.
Thai Rayon PCL has a current ratio of 1.11. It generally indicates good short-term financial strength.
The historical rank and industry rank for Thai Rayon PCL's Current Ratio or its related term are showing as below:
TRAYF'
s Current Ratio Range Over the Past 10 Years
Min: 0.73 Med: 2.23 Max: 4.4
Current: 1.11
During the past 13 years, Thai Rayon PCL's highest Current Ratio was 4.40. The lowest was 0.73. And the median was 2.23.
Thai Rayon PCL (OTCPK:TRAYF) 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.
Thai Rayon PCL Current Ratio Related Terms
Thai Rayon PCL Current Ratio Historical Data
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The historical data trend for Thai Rayon PCL'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.
Thai Rayon PCL Current Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Thai Rayon PCL'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.
Thai Rayon PCL Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Current Ratio distribution charts can be found below:
* The bar in red indicates where Thai Rayon PCL'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.
Thai Rayon PCL (TRAYF) has a Current Ratio of 1.11 as of Mar. 2026. This is 50% below median its historical median of 2.23. Over the past decade, Thai Rayon PCL's Current Ratio has ranged from 0.73 to 4.40.
Is Thai Rayon PCL's Current Ratio too high?
Thai Rayon PCL's current Current Ratio of 1.11 is 50% below median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 4.40. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.79. Thai Rayon PCL's value of 1.11 is 38% below this industry median. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's Current Ratio compare to competitors?
Thai Rayon PCL's Current Ratio of 1.11 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Current Ratio is 1.79. Thai Rayon PCL's value of 1.11 is 38% below this benchmark. Historically, Thai Rayon PCL's own Current Ratio has ranged from 0.73 to 4.40 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 1.79, Thai Rayon PCL has consistently been below the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Current Ratio among Manufacturing - Apparel & Accessories companies is 1.79, based on 1,069 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. Thai Rayon PCL's current Current Ratio of 1.11 is 38% 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 Manufacturing - Apparel & Accessories industry, the median Current Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Rayon PCL's current Current Ratio is 1.11, which is 50% below median its own 10-year median of 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (TRAYF) has a current Current Ratio of 1.11. The stock's GF Value™ is $2.77, compared to a current price of $1.70 — trading 38.6% below its estimated fair value. The current Current Ratio is 1.11, which is 50% below median its 10-year median of 2.23 and 38% below the Manufacturing - Apparel & Accessories industry median of 1.79. Thai Rayon PCL's overall GF Score™ is 12/100 with 5 warning signs to review. 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 Thai Rayon PCL (TRAYF), the current Current Ratio is 1.11 as of Mar. 2026. 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.
Is Thai Rayon PCL (TRAYF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued.
The current stock price of $1.70 is trading 38.6% below its estimated GF Value™ of $2.77.
Key valuation signals for TRAYF:
Current Ratio: 1.11 (50% below median its 10-year median of 2.23)
GF Value™: $2.77 vs. price of $1.70 (38.6% below fair value)
Industry Position: 38% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the TRAYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
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