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Paragon Advanced LabsTSXV:PALS +4.35%9 Current Ratio is 0.14 as of Mar. 2025, which is 71% below its 10-year median of 0.48. GuruFocus rates TSXV:PALS with a GF Score™ of 9/100. The stock has 1 warning sign investors should review. Among 2,497 Hardware companies, Paragon Advanced Labs ranks worse than 97.2% 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. Paragon Advanced Labs's current ratio for the quarter that ended in Mar. 2025 was 0.14.
Paragon Advanced Labs has a current ratio of 0.14. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Paragon Advanced Labs 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 Paragon Advanced Labs's Current Ratio or its related term are showing as below:
TSXV:PALS'
s Current Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.48 Max: 0.61
Current: 0.48
During the past 0 years, Paragon Advanced Labs's highest Current Ratio was 0.61. The lowest was 0.14. And the median was 0.48.
TSXV:PALS's Current Ratio is ranked worse than 97.2% of 2497
companies
in the Hardware industry
Industry Median: 1.96
vs TSXV:PALS: 0.48
Paragon Advanced Labs (TSXV:PALS) 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.
Paragon Advanced Labs Current Ratio Related Terms
Paragon Advanced Labs Current Ratio Historical Data
* Premium members only.
The historical data trend for Paragon Advanced Labs'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.
Paragon Advanced Labs Current Ratio Chart
Paragon Advanced Labs Annual Data
Trend
Current Ratio
Paragon Advanced Labs Semi-Annual Data
Mar25
Current Ratio
0.14
TSXV:PALS vs COHR, KEYS, GRMN: Current Ratio Comparison
For the Scientific & Technical Instruments subindustry, Paragon Advanced Labs'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.
Paragon Advanced Labs Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Paragon Advanced Labs's Current Ratio distribution charts can be found below:
* The bar in red indicates where Paragon Advanced Labs'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.
Paragon Advanced Labs (TSXV:PALS) has a Current Ratio of 0.14 as of Mar. 2025. This is 71% below median its historical median of 0.48. Over the past decade, Paragon Advanced Labs' Current Ratio has ranged from 0.14 to 0.61. According to the industry distribution chart, Paragon Advanced Labs ranks #2427 out of 2497 companies in the Hardware industry, placing it in the top 97.2%.
Is Paragon Advanced Labs' Current Ratio too high?
Paragon Advanced Labs' current Current Ratio of 0.14 is 71% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.61. The Hardware industry median Current Ratio is 1.96. Paragon Advanced Labs' value of 0.14 is 92.9% below this industry median. Based on the distribution chart, Paragon Advanced Labs ranks #2427 out of 2497 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Paragon Advanced Labs has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Paragon Advanced Labs' Current Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Paragon Advanced Labs ranks #2427 out of 2497 companies for Current Ratio. This places Paragon Advanced Labs in the lower half of its industry. The industry median Current Ratio is 1.96. Paragon Advanced Labs' value of 0.14 is 92.9% below this benchmark. Historically, Paragon Advanced Labs' own Current Ratio has ranged from 0.14 to 0.61 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.96, Paragon Advanced Labs 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 Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,497 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. Paragon Advanced Labs's current Current Ratio of 0.14 is 92.9% 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 Hardware industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paragon Advanced Labs's current Current Ratio is 0.14, which is 71% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Advanced Labs stock overvalued right now?
Paragon Advanced Labs (TSXV:PALS) has a current Current Ratio of 0.14. The current Current Ratio is 0.14, which is 71% below median its 10-year median of 0.48 and 92.9% below the Hardware industry median of 1.96. Paragon Advanced Labs' overall GF Score™ is 9/100 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 Paragon Advanced Labs (TSXV:PALS), the current Current Ratio is 0.14 as of Mar. 2025. 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.
Paragon Advanced Labs Inc provides mineral assays and geochemical analysis and testing to the natural resource industry. Its service offerings include a wide range of analytical techniques to suit the needs of the mining industry.
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