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. BetMakers Technology Group's current ratio for the quarter that ended in Dec. 2023 was 1.44.
BetMakers Technology Group has a current ratio of 1.44. It generally indicates good short-term financial strength.
The historical rank and industry rank for BetMakers Technology Group's Current Ratio or its related term are showing as below:
ASX:BET'
s Current Ratio Range Over the Past 10 Years
Min: 0.24 Med: 2.25 Max: 31.29
Current: 1.44
During the past 8 years, BetMakers Technology Group's highest Current Ratio was 31.29. The lowest was 0.24. And the median was 2.25.
ASX:BET's Current Ratio is ranked better than 54.95% of 839
companies
in the Travel & Leisure industry
Industry Median: 1.32
vs ASX:BET: 1.44
BetMakers Technology Group Current Ratio Historical Data
* 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.
Competitive Comparison of BetMakers Technology Group's Current Ratio
For the Gambling subindustry, BetMakers Technology Group'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.
BetMakers Technology Group's Current Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, BetMakers Technology Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where BetMakers Technology Group's Current Ratio falls into.
BetMakers Technology Group 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.
* 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.
BetMakers Technology Group (ASX:BET) 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.
BetMakers Technology Group Current Ratio Related Terms
Thank you for viewing the detailed overview of BetMakers Technology Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BetMakers Technology Group (ASX:BET) Business Description
BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:BET has been successfully added to your 