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. Applied UV's current ratio for the quarter that ended in Dec. 2023 was 0.61.
Applied UV has a current ratio of 0.61. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Applied UV 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 Applied UV's Current Ratio or its related term are showing as below:
AUVIQ's Current Ratio is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 1.83 * Ranked among companies with meaningful Current Ratio only.
Applied UV Current Ratio Historical Data
The historical data trend for Applied UV'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 Applied UV's Current Ratio
For the Furnishings, Fixtures & Appliances subindustry, Applied UV'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.
Applied UV's Current Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Applied UV's Current Ratio distribution charts can be found below:
* The bar in red indicates where Applied UV'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.
Applied UV (OTCPK:AUVIQ) 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.
Applied UV Current Ratio Related Terms
Thank you for viewing the detailed overview of Applied UV's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Applied UV Inc is a leading sales and marketing company that develops, acquires, markets and sells proprietary surface and air disinfection technology focused on Improving Indoor Air Quality (IAQ), specialty LED lighting and luxury mirrors and commercial furnishings, all of which serves clients globally in the healthcare, commercial and public venue, hospitality, food preservation, cannabis, education and winery vertical markets. It operates in three reportable segments: the design, manufacture, assembly and distribution of automated disinfecting systems for use in public spaces, hospitals and other healthcare facilities and the manufacture of fine mirrors specifically for the hospitality industry and Corporate segment. It derives a majority of its revenue from the Hospitality segment.
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