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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. Tilray Brands's current ratio for the quarter that ended in Feb. 2024 was 1.92.
Tilray Brands has a current ratio of 1.92. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tilray Brands's Current Ratio or its related term are showing as below:
During the past 12 years, Tilray Brands's highest Current Ratio was 27.25. The lowest was 1.54. And the median was 5.10.
The historical data trend for Tilray Brands'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.
Tilray Brands Annual Data | |||||||||||||||||||||
Trend | Aug14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | May23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 5.64 | 4.85 | 2.20 | 2.87 | 1.79 |
Tilray Brands Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Current Ratio | Get a 7-Day Free Trial | 1.61 | 1.79 | 1.54 | 1.63 | 1.92 |
For the Drug Manufacturers - Specialty & Generic subindustry, Tilray Brands'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 Drug Manufacturers industry and Healthcare sector, Tilray Brands's Current Ratio distribution charts can be found below:
* The bar in red indicates where Tilray Brands'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.
Tilray Brands's Current Ratio for the fiscal year that ended in May. 2023 is calculated as
Current Ratio (A: May. 2023 ) | = | Total Current Assets (A: May. 2023 ) | / | Total Current Liabilities (A: May. 2023 ) |
= | 773.029 | / | 432.979 | |
= | 1.79 |
Tilray Brands's Current Ratio for the quarter that ended in Feb. 2024 is calculated as
Current Ratio (Q: Feb. 2024 ) | = | Total Current Assets (Q: Feb. 2024 ) | / | Total Current Liabilities (Q: Feb. 2024 ) |
= | 631.211 | / | 329.1 | |
= | 1.92 |
* 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.
Tilray Brands (NAS:TLRY) 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 Tilray Brands's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Denise M Faltischek | officer: Chief Strategy Officer | C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
Mitchell Gendel | officer: Global General Counsel | EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005 |
Irwin D Simon | director, officer: President & CEO | C/O THE HAIN CELESTIAL GROUP INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
Carl A Merton | officer: Chief Financial Officer | C/O TILRAY, INC., 745 FIFTH AVENUE, SUITE 1602, NEW YORK NY 10151 |
Brendan Kennedy | director | 1920 EASTLAKE AVENUE E., SEATTLE WA 98105 |
James R. Meiers | officer: Head of Canada | C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065 |
David G. Hopkinson | director | C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065 |
Thomas P. Looney | director | C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065 |
Johann Michael Herhalt | director | C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065 |
Jodi L. Butts | director | C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065 |
David F Clanachan | director | TIM HORTONS INC., 874 SINCLAIR ROAD, OAKVILLE A6 L6K 2Y1 |
Renah Persofsky | director | 55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3 |
Jon Edward Levin | officer: Chief Operating Officer | 2701 EASTLAKE AVE E, 3RD FLOOR, SEATTLE WA 98102 |
Michael C. Kruteck | officer: Chief Financial Officer | 2701 EASTLAKE AVE E, 3RD FLOOR, SEATTLE WA 98102 |
Rebekah Dopp | director | 444 LENOX AVENUE, SOUTH ORANGE NJ 07079 |
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