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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. AngioDynamics's current ratio for the quarter that ended in Feb. 2024 was 2.29.
AngioDynamics has a current ratio of 2.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for AngioDynamics's Current Ratio or its related term are showing as below:
During the past 13 years, AngioDynamics's highest Current Ratio was 4.30. The lowest was 1.93. And the median was 2.54.
The historical data trend for AngioDynamics'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.
AngioDynamics Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | May23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 4.30 | 2.97 | 2.45 | 1.93 | 1.95 |
AngioDynamics Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Current Ratio | Get a 7-Day Free Trial | 2.19 | 1.95 | 3.05 | 2.38 | 2.29 |
For the Medical Instruments & Supplies subindustry, AngioDynamics'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.
For the Medical Devices & Instruments industry and Healthcare sector, AngioDynamics's Current Ratio distribution charts can be found below:
* The bar in red indicates where AngioDynamics's Current Ratio falls into.
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.
AngioDynamics's Current Ratio for the fiscal year that ended in May. 2023 is calculated as
Current Ratio (A: May. 2023 ) | = | Total Current Assets (A: May. 2023 ) | / | Total Current Liabilities (A: May. 2023 ) |
= | 163.542 | / | 83.825 | |
= | 1.95 |
AngioDynamics's Current Ratio for the quarter that ended in Feb. 2024 is calculated as
Current Ratio (Q: Feb. 2024 ) | = | Total Current Assets (Q: Feb. 2024 ) | / | Total Current Liabilities (Q: Feb. 2024 ) |
= | 196.907 | / | 85.874 | |
= | 2.29 |
* 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.
AngioDynamics (NAS:ANGO) 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.
Thank you for viewing the detailed overview of AngioDynamics's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lorinda Burgess | director | 22 WEST FRONTAG ROAD, NORTHBROOK IL 60093 |
Karen A Licitra | director | C/O SI-BONE, INC., 471 EL CAMINO REAL, SUITE 101, SANTA CLARA CA 95050 |
Michael E Tarnoff | director | C/O ANGIODYNAMICS, INC., 14 PLAZA DRIVE, LATHAM NY 12110 |
Scott Centea | officer: SVP/GM, VIT | C/O ANGIODYNAMICS, INC., 14 PLAZA DRIVE, LATHAM NY 12110 |
Dave Helsel | officer: SVP Global Operations and R&D | 400 WOOD ROAD, BRAINTREE MA 02184 |
Laura Piccinini | officer: SVP International | C/O ANGIODYNAMICS INC., 14 PLAZA DRIVE, LATHAM NY 12110 |
Stephen A Trowbridge | officer: SVP and General Counsel | 14 PLAZA DRIVE, LATHAM NY 120110 |
James C Clemmer | director, officer: President and CEO | COVIDIEN PLC, 15 HAMPSHIRE STREET, MANSFIELD MA 02048 |
Wesley Johnson | director | |
Chad Thomas Campbell | officer: SVP/GM, Vascular Access | 140 POKANOKET PATH, WRENTHAM MA 02093 |
Warren Jr Nighan | officer: SVP Quality and Regulatory | ANGIODYNAMICS, INC., 14 PLAZA DRIVE, LATHAM NY 12110 |
Richard C Rosenzweig | officer: SVP and General Counsel | C/O DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Kevin J Gould | director | 247 WASHINGTON STREET, DUXBURY MA 02332 |
Brent J. Boucher | officer: SVP and GM of Oncology | 14 PLAZA DRIVE, LATHAM NY 12110 |
Michael Greiner | officer: EVP and CFO | C/O VISTAPRINT, 95 HAYDEN AVENUE, LEXINGTON MA 02421 |
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