Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) Current Ratio: 1.06 (As of Dec. 2024)

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XMAD:EIDF Energia Innovacion Y Desarrollo Fotovoltaico SA XMAD:EIDF
65 GF Score
Price €0.44
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What is Energia Innovacion Y Desarrollo Fotovoltaico Current Ratio?

Energia Innovacion Y Desarrollo Fotovoltaico XMAD:EIDF 65 Current Ratio is 1.06 as of Dec. 2024. GuruFocus rates XMAD:EIDF with a GF Score™ of 65/100.

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. Energia Innovacion Y Desarrollo Fotovoltaico's current ratio for the quarter that ended in Dec. 2024 was 1.06.

Energia Innovacion Y Desarrollo Fotovoltaico has a current ratio of 1.06. It generally indicates good short-term financial strength.

The historical rank and industry rank for Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio or its related term are showing as below:

XMAD:EIDF's Current Ratio is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.35
* Ranked among companies with meaningful Current Ratio only.

Energia Innovacion Y Desarrollo Fotovoltaico  (XMAD:EIDF) 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.


Energia Innovacion Y Desarrollo Fotovoltaico Current Ratio Related Terms


Energia Innovacion Y Desarrollo Fotovoltaico Current Ratio Historical Data

* Premium members only.

The historical data trend for Energia Innovacion Y Desarrollo Fotovoltaico'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.

Energia Innovacion Y Desarrollo Fotovoltaico Current Ratio Chart

Energia Innovacion Y Desarrollo Fotovoltaico Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Current Ratio
Get a 7-Day Free Trial 0.94 0.98 0.84 1.04 1.06

Energia Innovacion Y Desarrollo Fotovoltaico Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.95 1.04 1.32 1.06

Energia Innovacion Y Desarrollo Fotovoltaico Current Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Energia Innovacion Y Desarrollo Fotovoltaico'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.


Energia Innovacion Y Desarrollo Fotovoltaico Current Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio distribution charts can be found below:

* The bar in red indicates where Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio falls into.


XMAD:EIDF
65GF Score
Energia Innovacion Y Desarrollo Fotovoltaico SA XMAD:EIDF
Current Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Energia Innovacion Y Desarrollo Fotovoltaico 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.

Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Current Ratio (A: Dec. 2024 )=Total Current Assets (A: Dec. 2024 )/Total Current Liabilities (A: Dec. 2024 )
=96.742/90.978
=1.06

Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio for the quarter that ended in Dec. 2024 is calculated as

Current Ratio (Q: Dec. 2024 )=Total Current Assets (Q: Dec. 2024 )/Total Current Liabilities (Q: Dec. 2024 )
=96.742/90.978
=1.06

* 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.

Frequently Asked Questions Learn more about Current Ratio →
What does a Current Ratio of 1.06 mean?
Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) has a Current Ratio of 1.06 as of Dec. 2024.
Is Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio too high?
Energia Innovacion Y Desarrollo Fotovoltaico's current Current Ratio is 1.06. The Utilities - Independent Power Producers industry median Current Ratio is 1.35. Energia Innovacion Y Desarrollo Fotovoltaico's value of 1.06 is 21.5% below this industry median. Overall, Energia Innovacion Y Desarrollo Fotovoltaico has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio compare to competitors?
Energia Innovacion Y Desarrollo Fotovoltaico's Current Ratio of 1.06 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Current Ratio is 1.35. Energia Innovacion Y Desarrollo Fotovoltaico's value of 1.06 is 21.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Utilities - Independent Power Producers company?
The median Current Ratio among Utilities - Independent Power Producers companies is 1.35, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energia Innovacion Y Desarrollo Fotovoltaico's current Current Ratio of 1.06 is 21.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median Current Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energia Innovacion Y Desarrollo Fotovoltaico's current Current Ratio is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energia Innovacion Y Desarrollo Fotovoltaico stock overvalued right now?
Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) has a current Current Ratio of 1.06. The current Current Ratio is 1.06 and 21.5% below the Utilities - Independent Power Producers industry median of 1.35. Energia Innovacion Y Desarrollo Fotovoltaico's overall GF Score™ is 65/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF), the current Current Ratio is 1.06 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Energia Innovacion Y Desarrollo Fotovoltaico Business Description

Address Poligono Industrial Outeda - Curro, No.3, Mud, Pontevedra, ESP, 36692
Energia Innovacion Y Desarrollo Fotovoltaico SA is a company specialized in photovoltaic solar energy projects. It offers engineering services, energy consulting, and installation of low and medium voltage. It is engaged in self-consumption photovoltaic installations for companies. Some of its projects are Generation park-Pulpi I, Fricosa, Barcia pipes, Peregrin One Garlic among others. The company currently has two Operating Segments: Generation and self-consumption, and Marketing.
65GF Score

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Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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