GURUFOCUS.COM » STOCK LIST » USA » AMEX » BM Technologies Inc (AMEX:BMTX) » Definitions » Current Ratio
Switch to:

BM Technologies Current Ratio

: 1.49 (As of Dec. 2021)
View and export this data going back to 2021. Start your Free Trial

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. BM Technologies's current ratio for the quarter that ended in Dec. 2021 was 1.49.

BM Technologies has a current ratio of 1.49. It generally indicates good short-term financial strength.

The historical rank and industry rank for BM Technologies's Current Ratio or its related term are showing as below:

BMTX' s Current Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.68   Max: 1.49
Current: 1.49

During the past 3 years, BM Technologies's highest Current Ratio was 1.49. The lowest was 0.39. And the median was 0.68.

BMTX's Current Ratio is ranked worse than
65.37% of 2709 companies
in the Software industry
Industry Median: 1.97 vs BMTX: 1.49

BM Technologies Current Ratio Historical Data

The historical data trend for BM Technologies'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.

BM Technologies Annual Data
Trend Dec19 Dec20 Dec21
Current Ratio
0.68 0.39 1.49

BM Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.93 1.08 1.29 1.49

Competitive Comparison

For the Software - Application subindustry, BM Technologies'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.

   

BM Technologies Current Ratio Distribution

For the Software industry and Technology sector, BM Technologies's Current Ratio distribution charts can be found below:

* The bar in red indicates where BM Technologies's Current Ratio falls into.



BM Technologies 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.

BM Technologies's Current Ratio for the fiscal year that ended in Dec. 2021

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=36.644/24.643
=1.49

BM Technologies's Current Ratio for the quarter that ended in Dec. 2021 is calculated as

Current Ratio (Q: Dec. 2021 )=Total Current Assets (Q: Dec. 2021 )/Total Current Liabilities (Q: Dec. 2021 )
=36.644/24.643
=1.49

* 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.


BM Technologies  (AMEX:BMTX) 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.


BM Technologies Current Ratio Related Terms

Thank you for viewing the detailed overview of BM Technologies's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BM Technologies Business Description

BM Technologies logo
Traded in Other Exchanges
Address
535 5th Ave, 29th Floor, New York, NY, USA, 10017
BM Technologies Inc is a digital banking platform in the United States. It provides a suite of low-cost products, including checking & savings accounts, to consumers through its business-to-business-to-customer distribution model by connecting consumers to an FDIC-insured banking institution.
Executives
Dolan John J director 4655 SALISBURY ROAD SUITE 110 JACKSONVILLE FL 32256
Dullinger James Francis officer: Chief Accounting Officer C/O IOTA COMMUNICATIONS, INC. 645 HAMILTON STREET, SUITE 400 ALLENTOWN PA 18101
Schechter Private Capital, Llc 10 percent owner 251 PIERCE STREET BIRMINGHAM MI 48009
Dinodia Pankaj director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Ramsey Robert H officer: Chief Financial Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Schwab Marcy director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hurley Brent director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Diegel Robert officer: Chief Operating Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Gill Mike director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hodari Aaron director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Sidhu Luvleen director, officer: Chief Executive Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Millennium Management Llc other: May be deemed a group member. 399 PARK AVENUE NEW YORK NY 10022
Millennium Group Management Llc other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Integrated Core Strategies (us) Llc 10 percent owner C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Englander Israel A other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022

BM Technologies Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)