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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. Education Management's current ratio for the quarter that ended in Jun. 2014 was 1.38.
Education Management has a current ratio of 1.38. It generally indicates good short-term financial strength.
The historical rank and industry rank for Education Management's Current Ratio or its related term are showing as below:
The historical data trend for Education Management'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.
Education Management Annual Data | |||||||||||||||||||||
Trend | Jun05 | Jun06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.37 | 1.43 | 1.58 | 1.59 | 1.38 |
Education Management Quarterly Data | ||||||||||||||||||||
Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | |
Current Ratio | Get a 7-Day Free Trial | 1.59 | 1.40 | 1.89 | 1.79 | 1.38 |
For the Education & Training Services subindustry, Education Management'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 Education industry and Consumer Defensive sector, Education Management's Current Ratio distribution charts can be found below:
* The bar in red indicates where Education Management'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.
Education Management's Current Ratio for the fiscal year that ended in Jun. 2014 is calculated as
Current Ratio (A: Jun. 2014 ) | = | Total Current Assets (A: Jun. 2014 ) | / | Total Current Liabilities (A: Jun. 2014 ) |
= | 875.966 | / | 635.325 | |
= | 1.38 |
Education Management's Current Ratio for the quarter that ended in Jun. 2014 is calculated as
Current Ratio (Q: Jun. 2014 ) | = | Total Current Assets (Q: Jun. 2014 ) | / | Total Current Liabilities (Q: Jun. 2014 ) |
= | 875.966 | / | 635.325 | |
= | 1.38 |
* 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.
Education Management (OTCPK:EDMCQ) 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 Education Management's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Carol Dibattiste | officer: See Remarks | 1155 W FREDERICK SMALL RD, JUPITER FL 33458 |
Mick J Beekhuizen | officer: See Remarks | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Edward H West | director, officer: See Remarks | 3250 BRIARPARK DR, SUITE 400, HOUSTON TX 77042 |
Citigroup Inc | 10 percent owner | 388 GREENWICH STREET, NEW YORK NY 10013 |
James Hobby | officer: See Remarks | 400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602 |
John Robert Kline | officer: See Remarks | PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173 |
Jonathan M Nelson | 10 percent owner | C/O PROVIDENCE EQUITY PARTNERS, L.L.C., 50 KENNEDY PLAZA, 18TH FL, PROVIDENCE RI 02903 |
Robert G. Hrivnak | officer: See Remarks | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Jeffrey T Leeds | director | 660 MADISON AVE 15TH FL, NEW YORK NY 10021 |
Samuel C Cowley | director | 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043 |
Brian A. Napack | director | C/O JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Providence Equity Gp Iv L.p. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv, L.l.c. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv Lp | 10 percent owner | |
William R Johnson | director | UNITED PARCEL SERVICE, INC., 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
From GuruFocus
By gurufocus 10qk • 02-11-2011
By gurufocus 10qk • 05-12-2010
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