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Concrete Leveling Systems (OTCPK:CLEV) Current Ratio

: 0.06 (As of Jul. 2022)
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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. Concrete Leveling Systems's current ratio for the quarter that ended in Jul. 2022 was 0.06.

Concrete Leveling Systems has a current ratio of 0.06. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Concrete Leveling Systems has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Concrete Leveling Systems's Current Ratio or its related term are showing as below:

CLEV' s Current Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.12   Max: 0.79
Current: 0.06

During the past 13 years, Concrete Leveling Systems's highest Current Ratio was 0.79. The lowest was 0.06. And the median was 0.12.

CLEV's Current Ratio is ranked worse than
99.49% of 196 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.66 vs CLEV: 0.06

Concrete Leveling Systems (OTCPK:CLEV) Current Ratio Historical Data

The historical data trend for Concrete Leveling Systems'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.

Concrete Leveling Systems Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.08 0.07 0.06 0.06

Concrete Leveling Systems Quarterly Data
Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.06 0.06 0.06

Concrete Leveling Systems (OTCPK:CLEV) Current Ratio Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Concrete Leveling Systems'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.

   

Concrete Leveling Systems (OTCPK:CLEV) Current Ratio Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Concrete Leveling Systems's Current Ratio distribution charts can be found below:

* The bar in red indicates where Concrete Leveling Systems's Current Ratio falls into.



Concrete Leveling Systems 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.

Concrete Leveling Systems's Current Ratio for the fiscal year that ended in Jul. 2022

Current Ratio (A: Jul. 2022 )=Total Current Assets (A: Jul. 2022 )/Total Current Liabilities (A: Jul. 2022 )
=0.026/0.466
=0.06

Concrete Leveling Systems's Current Ratio for the quarter that ended in Jul. 2022 is calculated as

Current Ratio (Q: Jul. 2022 )=Total Current Assets (Q: Jul. 2022 )/Total Current Liabilities (Q: Jul. 2022 )
=0.026/0.466
=0.06

* 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.


Concrete Leveling Systems  (OTCPK:CLEV) 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.


Concrete Leveling Systems Current Ratio Related Terms

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Concrete Leveling Systems (OTCPK:CLEV) Business Description

Concrete Leveling Systems logo
Traded in Other Exchanges
N/A
Address
5046 East Boulevard, Northwest, Canton, OH, USA, 44718
Concrete Leveling Systems Inc is a United States-based company operating in two divisions. The concrete leveling division of the business fabricates and markets a concrete leveling service unit utilized in the concrete leveling industry. The gaming and hospitality division of the business focuses on casino gaming, hospitality, entertainment, and leisure time industries, and will pursue opportunities in the tribal and commercial casino gaming industries, both in California and Nevada.
Executives
Georgiou Family Trust Dated 6/22/09 10 percent owner 2857 PARADISE RD. #3502 LAS VEGAS NV 89109-9046
Tassinari Ronald J 10 percent owner PO BOX 81920 LAS VEGAS NV 89180
Jericho Partners Llc 10 percent owner 33 MAIN ST. NEWTOWN CT 06470
Rt Two Llc 10 percent owner P.O. BOX 81890 LAS VEGAS NV 89180
Tassinari Robert 10 percent owner P.O. BOX 194 NEWKINGSTON NY 12459
Barth Edward A director, 10 percent owner, officer: President 5046 EAST BLVD NW CANTON OH 44718
Swearengin Eugene H director, officer: Secretary
Barth Suzanne I director, 10 percent owner, officer: President
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