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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. Hamilton Lane's current ratio for the quarter that ended in Dec. 2023 was 1.19.
Hamilton Lane has a current ratio of 1.19. It generally indicates good short-term financial strength.
The historical rank and industry rank for Hamilton Lane's Current Ratio or its related term are showing as below:
During the past 10 years, Hamilton Lane's highest Current Ratio was 166.45. The lowest was 0.66. And the median was 1.63.
The historical data trend for Hamilton Lane'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.
Hamilton Lane Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.83 | 0.81 | 1.80 | 1.85 | 0.86 |
Hamilton Lane Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 1.02 | 0.86 | 1.02 | 1.51 | 1.19 |
For the Asset Management subindustry, Hamilton Lane'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 Asset Management industry and Financial Services sector, Hamilton Lane's Current Ratio distribution charts can be found below:
* The bar in red indicates where Hamilton Lane'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.
Hamilton Lane's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as
Current Ratio (A: Mar. 2023 ) | = | Total Current Assets (A: Mar. 2023 ) | / | Total Current Liabilities (A: Mar. 2023 ) |
= | 180.695 | / | 210.033 | |
= | 0.86 |
Hamilton Lane's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 256.573 | / | 215.14 | |
= | 1.19 |
* 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.
Hamilton Lane (NAS:HLNE) 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 Hamilton Lane's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Drew Thomas Carl | officer: Principal Accounting Officer | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053 |
Atul Varma | officer: Chief Financial Officer | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Jeffrey Brian Armbrister | officer: Chief Financial Officer | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428-2053 |
Oakville Number 2 Trust | 10 percent owner | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Reynoldo Vann Graves | director | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Juan Delgado-moreira | 10 percent owner, officer: Managing Director | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Hartley R. Rogers | director, 10 percent owner, officer: Chairman | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Leslie F Varon | director | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Tara Blackburn | 10 percent owner | ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CNYWYD PA 19004 |
Michael John Kelly | 10 percent owner | ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004 |
Edward B. Whittemore | 10 percent owner | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Laurence Whittemore | 10 percent owner | ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004 |
Initial Trust Under The Frederick B. Whittemore 2008 Children's Trust Agreement Dated 11/25/2008 | 10 percent owner | ONE PRESIDENTIAL BOULEVARD, 4TH FLOOR, BALA CYNWYD PA 19004 |
2008 Sexton Des. Trust Fbo Laura Sexton | 10 percent owner | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
2008 Sexton Des. Trust Fbo Matthew Sexton | 10 percent owner | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
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