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. Citra Nusa Holdings Bhd's current ratio for the quarter that ended in Dec. 2024 was 3.03.
Citra Nusa Holdings Bhd has a current ratio of 3.03. 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 Citra Nusa Holdings Bhd's Current Ratio or its related term are showing as below:
XKLS:5104'
s Current Ratio Range Over the Past 10 Years
Min: 2.95 Med: 3.15 Max: 3.57
Current: 3.03
During the past 13 years, Citra Nusa Holdings Bhd's highest Current Ratio was 3.57. The lowest was 2.95. And the median was 3.15.
XKLS:5104's Current Ratio is ranked better than 83.19% of 583
companies
in the Conglomerates industry
Industry Median: 1.53
vs XKLS:5104: 3.03
Citra Nusa Holdings Bhd 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.
Competitive Comparison of Citra Nusa Holdings Bhd's Current Ratio
For the Conglomerates subindustry, Citra Nusa Holdings Bhd'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.
Citra Nusa Holdings Bhd's Current Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Citra Nusa Holdings Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Citra Nusa Holdings Bhd'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.
Citra Nusa Holdings Bhd (XKLS:5104) 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.
Citra Nusa Holdings Bhd Current Ratio Related Terms
Thank you for viewing the detailed overview of Citra Nusa Holdings Bhd's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Citra Nusa Holdings Bhd, formerly CNI Holdings Bhd is engaged in the sale and distribution of health care and consumer products, and manufactures trades, and packs various kinds of foodstuffs and beverages, household, and personal care products. Its segments include Manufacturing that manufactures, trades, and packs consumer, health, personal care products, food, and beverages; Marketing and trading that sells and distributes health care and consumer products, import and distribution of food ingredients, provides software solution and software research and development, marketing and distributing coffee and other related beverage products; and Others that invests in shares, investment, rent out properties, operates food and beverages outlets and dormant companies.
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