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. Toyo Ventures Holdings Bhd's current ratio for the quarter that ended in Dec. 2023 was 12.23.
Toyo Ventures Holdings Bhd has a current ratio of 12.23. 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 Toyo Ventures Holdings Bhd's Current Ratio or its related term are showing as below:
XKLS:7173'
s Current Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.57 Max: 12.23
Current: 12.23
During the past 13 years, Toyo Ventures Holdings Bhd's highest Current Ratio was 12.23. The lowest was 0.13. And the median was 1.57.
XKLS:7173's Current Ratio is ranked better than 96.37% of 1570
companies
in the Chemicals industry
Industry Median: 1.95
vs XKLS:7173: 12.23
Toyo Ventures 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 Toyo Ventures Holdings Bhd's Current Ratio
For the Specialty Chemicals subindustry, Toyo Ventures 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.
Toyo Ventures Holdings Bhd's Current Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toyo Ventures Holdings Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Toyo Ventures Holdings Bhd's Current Ratio falls into.
Toyo Ventures Holdings Bhd 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.
* 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.
Toyo Ventures Holdings Bhd (XKLS:7173) 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.
Toyo Ventures Holdings Bhd Current Ratio Related Terms
Thank you for viewing the detailed overview of Toyo Ventures Holdings Bhd's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Toyo Ventures Holdings Bhd (XKLS:7173) Business Description
Toyo Ventures Holdings Bhd formerly Toyo Ink Group Bhd is a Malaysia-based investment holding company engaged in the manufacturing business and operation of power plant business. The company operates in three reporting segments: Manufacturing, Trading and investment holding, and Energy. The manufacturing segment includes Manufacturing printing ink, color pigment, colorants for plastic, EDM cut-the-wire, and graphic art. The Trading and investment holding segment includes Investment holding of the investments in subsidiary companies and property investment. The energy segment includes Investment and development of the thermal-electric power plant project in Vietnam. The majority of revenue is derived from the manufacturing segment.
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