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Global UAV Technologies (XCNQ:UAV) Current Ratio : 0.02 (As of Jul. 2024)


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What is Global UAV Technologies Current Ratio?

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. Global UAV Technologies's current ratio for the quarter that ended in Jul. 2024 was 0.02.

Global UAV Technologies has a current ratio of 0.02. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Global UAV Technologies 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 Global UAV Technologies's Current Ratio or its related term are showing as below:

XCNQ:UAV' s Current Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 1.73
Current: 0.02

During the past 13 years, Global UAV Technologies's highest Current Ratio was 1.73. The lowest was 0.02. And the median was 0.08.

XCNQ:UAV's Current Ratio is ranked worse than
99.8% of 2470 companies
in the Hardware industry
Industry Median: 2.02 vs XCNQ:UAV: 0.02

Global UAV Technologies Current Ratio Historical Data

The historical data trend for Global UAV Technologies'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.

* Premium members only.

Global UAV Technologies Current Ratio Chart

Global UAV Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.06 0.03 0.11 0.02

Global UAV Technologies Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of Global UAV Technologies's Current Ratio

For the Computer Hardware subindustry, Global UAV Technologies'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.


Global UAV Technologies's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Global UAV Technologies's Current Ratio distribution charts can be found below:

* The bar in red indicates where Global UAV Technologies's Current Ratio falls into.



Global UAV Technologies Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Global UAV Technologies's Current Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Current Ratio (A: Oct. 2023 )=Total Current Assets (A: Oct. 2023 )/Total Current Liabilities (A: Oct. 2023 )
=0.024/1.285
=0.02

Global UAV Technologies's Current Ratio for the quarter that ended in Jul. 2024 is calculated as

Current Ratio (Q: Jul. 2024 )=Total Current Assets (Q: Jul. 2024 )/Total Current Liabilities (Q: Jul. 2024 )
=0.025/1.367
=0.02

* 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.


Global UAV Technologies  (XCNQ:UAV) 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.


Global UAV Technologies Current Ratio Related Terms

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Global UAV Technologies Business Description

Traded in Other Exchanges
Address
488 - 1090 West Georgia Street, Vancouver, BC, CAN, V6E 3V7
Global UAV Technologies Ltd is a diversified, vertically integrated drone technology company within the commercial Unmanned Aerial Vehicle (UAV) sector. Through its subsidiaries, Pioneer Aerial Surveys Ltd, High Eye Aerial Imaging Inc, UAV Regulatory Services Inc, Global UAV Leasing Ltd, Aerial Imaging Resources Inc, and NOV Aerial Robotics Inc, it provides a full spectrum of UAV-based services and products including drone research and development and manufacturing, flight services, and regulatory compliance.
Executives
James Rogers Director
Andrew Male Director

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