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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Current Ratio : 1.22 (As of Sep. 2023)


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What is El-Mor Electric Installation & Services (1986) Current Ratio?

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. El-Mor Electric Installation & Services (1986)'s current ratio for the quarter that ended in Sep. 2023 was 1.22.

El-Mor Electric Installation & Services (1986) has a current ratio of 1.22. It generally indicates good short-term financial strength.

The historical rank and industry rank for El-Mor Electric Installation & Services (1986)'s Current Ratio or its related term are showing as below:

XTAE:ELMR' s Current Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.44   Max: 1.58
Current: 1.22

During the past 7 years, El-Mor Electric Installation & Services (1986)'s highest Current Ratio was 1.58. The lowest was 1.22. And the median was 1.44.

XTAE:ELMR's Current Ratio is ranked worse than
69.96% of 1688 companies
in the Construction industry
Industry Median: 1.56 vs XTAE:ELMR: 1.22

El-Mor Electric Installation & Services (1986) Current Ratio Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'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.

* Premium members only.

El-Mor Electric Installation & Services (1986) Current Ratio Chart

El-Mor Electric Installation & Services (1986) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Current Ratio
Get a 7-Day Free Trial 1.54 1.44 1.46 1.50 1.29

El-Mor Electric Installation & Services (1986) Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.29 1.26 1.23 1.22

Competitive Comparison of El-Mor Electric Installation & Services (1986)'s Current Ratio

For the Engineering & Construction subindustry, El-Mor Electric Installation & Services (1986)'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.


El-Mor Electric Installation & Services (1986)'s Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, El-Mor Electric Installation & Services (1986)'s Current Ratio distribution charts can be found below:

* The bar in red indicates where El-Mor Electric Installation & Services (1986)'s Current Ratio falls into.



El-Mor Electric Installation & Services (1986) 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.

El-Mor Electric Installation & Services (1986)'s Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Current Ratio (A: Dec. 2022 )=Total Current Assets (A: Dec. 2022 )/Total Current Liabilities (A: Dec. 2022 )
=316.27/245.456
=1.29

El-Mor Electric Installation & Services (1986)'s Current Ratio for the quarter that ended in Sep. 2023 is calculated as

Current Ratio (Q: Sep. 2023 )=Total Current Assets (Q: Sep. 2023 )/Total Current Liabilities (Q: Sep. 2023 )
=333.79/273.301
=1.22

* 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.


El-Mor Electric Installation & Services (1986)  (XTAE:ELMR) 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.


El-Mor Electric Installation & Services (1986) Current Ratio Related Terms

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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Business Description

Traded in Other Exchanges
N/A
Address
22 Hotzot Haytozer Street, Ashkelon, ISR
El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Headlines

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