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. Tyro Payments's current ratio for the quarter that ended in Dec. 2024 was 1.15.
Tyro Payments has a current ratio of 1.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tyro Payments's Current Ratio or its related term are showing as below:
ASX:TYR'
s Current Ratio Range Over the Past 10 Years
Min: 0.92 Med: 1.13 Max: 3.37
Current: 1.15
During the past 6 years, Tyro Payments's highest Current Ratio was 3.37. The lowest was 0.92. And the median was 1.13.
ASX:TYR's Current Ratio is ranked worse than 73.81% of 2826
companies
in the Software industry
Industry Median: 1.81
vs ASX:TYR: 1.15
Tyro Payments Current Ratio Historical Data
The historical data trend for Tyro Payments'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.
Competitive Comparison of Tyro Payments's Current Ratio
For the Software - Infrastructure subindustry, Tyro Payments'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.
Tyro Payments's Current Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Tyro Payments's Current Ratio distribution charts can be found below:
* The bar in red indicates where Tyro Payments'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.
Tyro Payments (ASX:TYR) 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.
Tyro Payments Current Ratio Related Terms
Thank you for viewing the detailed overview of Tyro Payments's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tyro Payments is an Australian financial technology company engaged in providing routing payments solutions and business banking products to merchants. The firm mainly caters to small to medium-size enterprises in the hospitality, retail and health sectors. It is also expanding its reach into the trade, accommodation and services verticals. Tyro's value propositions include extensive industry-specific solutions, ease of integration with point-of-sale systems, broad acceptance of payment types and a variety of ancillary features. Despite Tyro's historic focus on in-store sales, it is also building up online gateways to facilitate e-commerce transactions and build out a multichannel payment solution. Geographically, it operates only in Australia.
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