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. VOXX International's current ratio for the quarter that ended in May. 2022 was 1.73.
VOXX International has a current ratio of 1.73. It generally indicates good short-term financial strength.
The historical rank and industry rank for VOXX International's Current Ratio or its related term are showing as below:
VOXX'
s Current Ratio Range Over the Past 10 Years
Min: 1.28 Med: 2.97 Max: 8.07
Current: 1.73
During the past 13 years, VOXX International's highest Current Ratio was 8.07. The lowest was 1.28. And the median was 2.97.
VOXX's Current Ratio is ranked worse than 57.33% of 2395
companies
in the Hardware industry
Industry Median: 1.93
vs VOXX: 1.73
VOXX International Current Ratio Historical Data
The historical data trend for VOXX International'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.
VOXX International Annual Data
Trend
Feb13
Feb14
Feb15
Feb16
Feb17
Feb18
Feb19
Feb20
Feb21
Feb22
Current Ratio
2.79
2.59
3.07
2.18
1.62
VOXX International Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Current Ratio
2.45
2.32
1.56
1.62
1.73
Competitive Comparison
For the Consumer Electronics subindustry, VOXX International'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.
VOXX International Current Ratio Distribution
For the Hardware industry and Technology sector, VOXX International's Current Ratio distribution charts can be found below:
* The bar in red indicates where VOXX International's Current Ratio falls into.
VOXX International 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.
VOXX International's Current Ratio for the fiscal year that ended in Feb. 2022
* 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.
VOXX International (NAS:VOXX) 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.
VOXX International Current Ratio Related Terms
Thank you for viewing the detailed overview of VOXX International's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
VOXX International Corp is a manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. The company markets its products under the Audiovox brand name and other brand names and licensed brands. The company operates in three segments: Automotive Electronics, Consumer Electronics, and Biometrics. The company's product portfolio comprises rear-seat entertainment devices, satellite radio products, automotive security, digital TV tuners, mobile antennas, location-based services, high-end loudspeakers, digital living network alliance compatible devices, wireless and Bluetooth speakers, 360 Fly Action Cameras, reception and digital consumer products.
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