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. VCI Global's current ratio for the quarter that ended in Jun. 2024 was 5.59.
VCI Global has a current ratio of 5.59. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for VCI Global's Current Ratio or its related term are showing as below:
VCIG'
s Current Ratio Range Over the Past 10 Years
Min: 0.63 Med: 2.13 Max: 7.86
Current: 5.59
During the past 4 years, VCI Global's highest Current Ratio was 7.86. The lowest was 0.63. And the median was 2.13.
VCIG's Current Ratio is ranked better than 90.12% of 1063
companies
in the Business Services industry
Industry Median: 1.74
vs VCIG: 5.59
VCI Global Current Ratio Historical Data
The historical data trend for VCI Global'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 VCI Global's Current Ratio
For the Consulting Services subindustry, VCI Global'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.
VCI Global's Current Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, VCI Global's Current Ratio distribution charts can be found below:
* The bar in red indicates where VCI Global'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.
VCI Global (NAS:VCIG) 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.
VCI Global Current Ratio Related Terms
Thank you for viewing the detailed overview of VCI Global's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
VCI Global Ltd is a holding company. The principal activities of the Company and its subsidiaries are the provision of business Strategy consultancy and technology development solution consultancy. The firm organized its consulting services into three main segments: Business Strategy Consultancy; Technology Consultancy; and Others. It derives the majority of its revenue from the Business Strategy Consultancy segment which focuses on listing solutions, investor relations, and boardroom strategies consultancy. It has established a diverse local and international clientele, providing them with its services in both local and cross-border listings. Its role begins with pre-listing diagnosis and planning to the finalization of the entire listing process.
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