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. Enthusiast Gaming Holdings's current ratio for the quarter that ended in Sep. 2023 was 0.70.
Enthusiast Gaming Holdings has a current ratio of 0.70. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Enthusiast Gaming Holdings 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 Enthusiast Gaming Holdings's Current Ratio or its related term are showing as below:
EGLXF'
s Current Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.24 Max: 40.32
Current: 0.7
During the past 5 years, Enthusiast Gaming Holdings's highest Current Ratio was 40.32. The lowest was 0.70. And the median was 1.24.
EGLXF's Current Ratio is ranked worse than 87.63% of 598
companies
in the Interactive Media industry
Industry Median: 2.115
vs EGLXF: 0.70
Enthusiast Gaming Holdings 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 Enthusiast Gaming Holdings's Current Ratio
For the Internet Content & Information subindustry, Enthusiast Gaming Holdings'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.
Enthusiast Gaming Holdings's Current Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Enthusiast Gaming Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Enthusiast Gaming Holdings's Current Ratio falls into.
Enthusiast Gaming Holdings 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.
Enthusiast Gaming Holdings (OTCPK:EGLXF) 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.
Enthusiast Gaming Holdings Current Ratio Related Terms
Thank you for viewing the detailed overview of Enthusiast Gaming Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description
Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
EGLXF has been successfully added to your 