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. ICTK Co's current ratio for the quarter that ended in Dec. 2024 was 29.88.
ICTK Co has a current ratio of 29.88. 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 ICTK Co's Current Ratio or its related term are showing as below:
XKRX:456010'
s Current Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.2 Max: 29.88
Current: 29.88
During the past 5 years, ICTK Co's highest Current Ratio was 29.88. The lowest was 0.16. And the median was 0.20.
XKRX:456010's Current Ratio is ranked better than 99.01% of 1013
companies
in the Semiconductors industry
Industry Median: 2.47
vs XKRX:456010: 29.88
ICTK Co Current Ratio Historical Data
The historical data trend for ICTK Co'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.
For the Semiconductors subindustry, ICTK Co'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.
ICTK Co's Current Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, ICTK Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where ICTK Co'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.
ICTK Co (XKRX:456010) 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.
ICTK Co Current Ratio Related Terms
Thank you for viewing the detailed overview of ICTK Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ICTK Co Ltd is a South Korean company that specializes in vertical security technology, offering its own Security System-on-Chip (SoC) and software solutions aligned with global security standards. Its flagship product is a physically unclonable function (PUF)-based security chip, revolutionizing semiconductor design for enhanced security. With VIA PUF technology, they address key challenges of traditional PUF technologies, ensuring robust security without the need for error correction codes (ECC). Additionally, ICTK provides security technology enabling a point of trust (RoT), facilitating secure authentication and data protection for IoT devices. Through their innovative solutions, they design and supply cutting-edge security chips, simplifying complex security measures for clients.
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