SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'current_ratio'
OCC (Optical Cable) 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. Optical Cable's current ratio for the quarter that ended in Jan. 2024 was 4.73.
Optical Cable has a current ratio of 4.73. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Optical Cable's Current Ratio or its related term are showing as below:
OCC'
s Current Ratio Range Over the Past 10 Years
Min: 2.06 Med: 4.36 Max: 6.46
Current: 4.73
During the past 13 years, Optical Cable's highest Current Ratio was 6.46. The lowest was 2.06. And the median was 4.36.
OCC's Current Ratio is ranked better than 85.34% of 2483
companies
in the Hardware industry
Industry Median: 2.05
vs OCC: 4.73
Optical Cable Current Ratio Historical Data
The historical data trend for Optical Cable'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.
Optical Cable Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Current Ratio
2.16
4.04
4.47
4.17
4.51
Optical Cable Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Current Ratio
4.29
4.80
3.09
4.51
4.73
Competitive Comparison
For the Communication Equipment subindustry, Optical Cable'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.
Optical Cable Current Ratio Distribution
For the Hardware industry and Technology sector, Optical Cable's Current Ratio distribution charts can be found below:
* The bar in red indicates where Optical Cable's Current Ratio falls into.
Optical Cable 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.
Optical Cable's Current Ratio for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
Optical Cable (NAS:OCC) 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.
Optical Cable Current Ratio Related Terms
Thank you for viewing the detailed overview of Optical Cable's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Optical Cable (Optical Cable) Business Description
Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.
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