BrightSphere Investment Group has a current ratio of 7.01. 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 BrightSphere Investment Group's Current Ratio or its related term are showing as below:
BSIG'
s Current Ratio Range Over the Past 10 Years
Min: 0.83 Med: 2.98 Max: 11.68
Current: 7.01
During the past 13 years, BrightSphere Investment Group's highest Current Ratio was 11.68. The lowest was 0.83. And the median was 2.98.
BSIG's Current Ratio is ranked better than 67.35% of 686
companies
in the Asset Management industry
Industry Median: 2.95
vs BSIG: 7.01
BrightSphere Investment Group Current Ratio Historical Data
* 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.
Competitive Comparison of BrightSphere Investment Group's Current Ratio
For the Asset Management subindustry, BrightSphere Investment Group'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.
BrightSphere Investment Group's Current Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BrightSphere Investment Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where BrightSphere Investment Group's Current Ratio falls into.
BrightSphere Investment Group 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.
* 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.
BrightSphere Investment Group (NYSE:BSIG) 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.
BrightSphere Investment Group Current Ratio Related Terms
Thank you for viewing the detailed overview of BrightSphere Investment Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BrightSphere Investment Group (BrightSphere Investment Group) Business Description
BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.
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