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Progress Technologies GroupTSE:339A +5.75%18 Current Ratio is 2.05 as of Feb. 2026, which is 63% above its 10-year median of 1.26. GuruFocus rates TSE:339A with a GF Score™ of 18/100. The stock has 1 warning sign investors should review. Among 2,869 Software companies, Progress Technologies Group ranks better than 56.47% on this metric.
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. Progress Technologies Group's current ratio for the quarter that ended in Feb. 2026 was 2.05.
Progress Technologies Group has a current ratio of 2.05. It generally indicates good short-term financial strength.
The historical rank and industry rank for Progress Technologies Group's Current Ratio or its related term are showing as below:
TSE:339A'
s Current Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.26 Max: 2.05
Current: 2.05
During the past 5 years, Progress Technologies Group's highest Current Ratio was 2.05. The lowest was 0.80. And the median was 1.26.
TSE:339A's Current Ratio is ranked better than 56.47% of 2869
companies
in the Software industry
Industry Median: 1.82
vs TSE:339A: 2.05
Progress Technologies Group (TSE:339A) 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.
Progress Technologies Group Current Ratio Related Terms
Progress Technologies Group 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.
TSE:339A vs IBM, ACN, FISV: Current Ratio Comparison
For the Information Technology Services subindustry, Progress Technologies 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.
Progress Technologies Group Current Ratio vs Software Industry
For the Software industry and Technology sector, Progress Technologies Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Progress Technologies Group'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.
Progress Technologies Group (TSE:339A) has a Current Ratio of 2.05 as of Feb. 2026. This is 63% above median its historical median of 1.26. Over the past decade, Progress Technologies Group's Current Ratio has ranged from 0.80 to 2.05. According to the industry distribution chart, Progress Technologies Group ranks #1249 out of 2869 companies in the Software industry, placing it in the top 43.5%.
Is Progress Technologies Group's Current Ratio too high?
Progress Technologies Group's current Current Ratio of 2.05 is 63% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 2.05. The Software industry median Current Ratio is 1.82. Progress Technologies Group's value of 2.05 is 12.6% above this industry median. Based on the distribution chart, Progress Technologies Group ranks #1249 out of 2869 companies in the Software industry, which is above the industry midpoint. Overall, Progress Technologies Group has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Progress Technologies Group's Current Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Progress Technologies Group ranks #1249 out of 2869 companies for Current Ratio. This puts Progress Technologies Group in the upper half of its industry. The industry median Current Ratio is 1.82. Progress Technologies Group's value of 2.05 is 12.6% above this benchmark. Historically, Progress Technologies Group's own Current Ratio has ranged from 0.80 to 2.05 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 1.82, Progress Technologies Group has consistently been above 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 Software company?
The median Current Ratio among Software companies is 1.82, based on 2,869 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. Progress Technologies Group's current Current Ratio of 2.05 is 12.6% 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 Software industry, the median Current Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Technologies Group's current Current Ratio is 2.05, which is 63% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progress Technologies Group stock overvalued right now?
Progress Technologies Group (TSE:339A) has a current Current Ratio of 2.05. The current Current Ratio is 2.05, which is 63% above median its 10-year median of 1.26 and 12.6% above the Software industry median of 1.82. Progress Technologies Group's overall GF Score™ is 18/100 with 1 warning sign 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 Progress Technologies Group (TSE:339A), the current Current Ratio is 2.05 as of Feb. 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.
Progress Technologies Group Inc Providing cutting-edge technology at a one-stop service for the design and R&D departments of major manufacturing companies, and offering solutions that lead to successful digital transformation for companies.
18GF Score
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