Parx Materials NVXPAR:MLPRX 23 Current Ratio is 71.20 as of Dec. 2024, which is 7165% above its 10-year median of 0.98. GuruFocus rates XPAR:MLPRX with a GF Score™ of 23/100. Among 1,610 Chemicals companies, Parx Materials NV ranks better than 99.69% on this metric.
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. Parx Materials NV's current ratio for the quarter that ended in Dec. 2024 was 71.20.
Parx Materials NV has a current ratio of 71.20. 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 Parx Materials NV's Current Ratio or its related term are showing as below:
XPAR:MLPRX'
s Current Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.98 Max: 71.2
Current: 71.2
During the past 9 years, Parx Materials NV's highest Current Ratio was 71.20. The lowest was 0.16. And the median was 0.98.
XPAR:MLPRX's Current Ratio is ranked better than 99.69% of 1610
companies
in the Chemicals industry
Industry Median: 1.89
vs XPAR:MLPRX: 71.20
Parx Materials NV (XPAR:MLPRX) 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.
Parx Materials NV Current Ratio Related Terms
Parx Materials NV Current Ratio Historical Data
* Premium members only.
The historical data trend for Parx Materials NV'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.
XPAR:MLPRX vs LIN, SHW, ECL: Current Ratio Comparison
For the Specialty Chemicals subindustry, Parx Materials NV'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.
Parx Materials NV Current Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Parx Materials NV's Current Ratio distribution charts can be found below:
* The bar in red indicates where Parx Materials NV'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.
Parx Materials NV (XPAR:MLPRX) has a Current Ratio of 71.20 as of Dec. 2024. This is 7165% above median its historical median of 0.98. Over the past decade, Parx Materials NV's Current Ratio has ranged from 0.16 to 71.20. According to the industry distribution chart, Parx Materials NV ranks #5 out of 1610 companies in the Chemicals industry, placing it in the top 0.3%.
Is Parx Materials NV's Current Ratio too high?
Parx Materials NV's current Current Ratio of 71.20 is 7165% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 71.20. The Chemicals industry median Current Ratio is 1.89. Parx Materials NV's value of 71.20 is 3667.2% above this industry median. Based on the distribution chart, Parx Materials NV ranks #5 out of 1610 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Parx Materials NV has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Parx Materials NV's Current Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Parx Materials NV ranks #5 out of 1610 companies for Current Ratio. This places Parx Materials NV in the top 0% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.89. Parx Materials NV's value of 71.20 is 3667.2% above this benchmark. Historically, Parx Materials NV's own Current Ratio has ranged from 0.16 to 71.20 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.89, Parx Materials NV has consistently been above the industry average. 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 a Chemicals company?
The median Current Ratio among Chemicals companies is 1.89, based on 1,610 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. Parx Materials NV's current Current Ratio of 71.20 is 3667.2% above 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 Chemicals industry, the median Current Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parx Materials NV's current Current Ratio is 71.20, which is 7165% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parx Materials NV stock overvalued right now?
Parx Materials NV (XPAR:MLPRX) has a current Current Ratio of 71.20. The current Current Ratio is 71.20, which is 7165% above median its 10-year median of 0.98 and 3667.2% above the Chemicals industry median of 1.89. Parx Materials NV's overall GF Score™ is 23/100. 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 Parx Materials NV (XPAR:MLPRX), the current Current Ratio is 71.20 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.
Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.
23GF Score
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