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Porvair (Porvair) Current Ratio : 2.22 (As of Nov. 2023)


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What is Porvair Current Ratio?

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. Porvair's current ratio for the quarter that ended in Nov. 2023 was 2.22.

Porvair has a current ratio of 2.22. It generally indicates good short-term financial strength.

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

PVARF' s Current Ratio Range Over the Past 10 Years
Min: 1.36   Med: 1.64   Max: 2.22
Current: 2.22

During the past 13 years, Porvair's highest Current Ratio was 2.22. The lowest was 1.36. And the median was 1.64.

PVARF's Current Ratio is ranked better than
57.5% of 3026 companies
in the Industrial Products industry
Industry Median: 1.99 vs PVARF: 2.22

Porvair Current Ratio Historical Data

The historical data trend for Porvair'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.

Porvair Current Ratio Chart

Porvair Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.67 2.12 2.11 2.16 2.22

Porvair Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Current Ratio Get a 7-Day Free Trial 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 2.11 2.00 2.16 2.24 2.22

Competitive Comparison of Porvair's Current Ratio

For the Pollution & Treatment Controls subindustry, Porvair'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.


Porvair's Current Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Porvair's Current Ratio distribution charts can be found below:

* The bar in red indicates where Porvair's Current Ratio falls into.



Porvair 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.

Porvair's Current Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Current Ratio (A: Nov. 2023 )=Total Current Assets (A: Nov. 2023 )/Total Current Liabilities (A: Nov. 2023 )
=89.869/40.433
=2.22

Porvair's Current Ratio for the quarter that ended in Nov. 2023 is calculated as

Current Ratio (Q: Nov. 2023 )=Total Current Assets (Q: Nov. 2023 )/Total Current Liabilities (Q: Nov. 2023 )
=89.869/40.433
=2.22

* 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.


Porvair  (OTCPK:PVARF) 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.


Porvair Current Ratio Related Terms

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Porvair (Porvair) Business Description

Traded in Other Exchanges
Address
7 Regis Place, Bergen Way, King's Lynn, Norfolk, GBR, PE30 2JN
Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions, Aerospace and Industrial, Laboratory and Metal Melt Quality. Aerospace and Industrial Division is a key revenue generator, designs and manufactures specialist filtration equipment for application in aerospace, energy, bioscience, water and industrial applications. Laboratory Division designs and manufactures instruments and consumables for use in environmental and bioscience laboratories. Metal Melt Quality Division designs and manufactures porous ceramic filters for the filtration of molten metals. The company generates majority of its manufacturing revenue from sales in the United States.

Porvair (Porvair) Headlines

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