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Borqs Technologies Current Ratio

: 0.38 (As of Jun. 2020)
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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. Borqs Technologies's current ratio for the quarter that ended in Jun. 2020 was 0.38.

Borqs Technologies has a current ratio of 0.38. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Borqs Technologies has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

NAS:BRQS' s Current Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.99   Max: 16.18
Current: 0.38

0.23
16.18

During the past 4 years, Borqs Technologies's highest Current Ratio was 16.18. The lowest was 0.23. And the median was 0.99.

NAS:BRQS's Current Ratio is ranked lower than
95% of the 2390 Companies
in the Software industry.

( Industry Median: 1.91 vs. NAS:BRQS: 0.38 )

Borqs Technologies Current Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Borqs Technologies Annual Data
Jun16 Jun17 Dec18 Dec19
Current Ratio 2.03 0.23 0.65 0.35

Borqs Technologies Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.43 0.65 1.21 0.35 0.38

Competitive Comparison
* 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.


Borqs Technologies Current Ratio Distribution

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



Borqs Technologies 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.

Borqs Technologies's Current Ratio for the fiscal year that ended in Dec. 2019

Current Ratio (A: Dec. 2019 )=Total Current Assets (A: Dec. 2019 )/Total Current Liabilities (A: Dec. 2019 )
=35.15/99.573
=0.35

Borqs Technologies's Current Ratio for the quarter that ended in Jun. 2020 is calculated as

Current Ratio (Q: Jun. 2020 )=Total Current Assets (Q: Jun. 2020 )/Total Current Liabilities (Q: Jun. 2020 )
=35.277/92.738
=0.38

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Borqs Technologies  (NAS:BRQS) 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.


Borqs Technologies Current Ratio Related Terms


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