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Franklin Covey Co Current Ratio

: 0.94 (As of May. 2021)
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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. Franklin Covey Co's current ratio for the quarter that ended in May. 2021 was 0.94.

Franklin Covey Co has a current ratio of 0.94. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Franklin Covey Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Franklin Covey Co's Current Ratio or its related term are showing as below:

NYSE:FC' s Current Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.81   Max: 5.29
Current: 0.94

0.92
5.29

During the past 13 years, Franklin Covey Co's highest Current Ratio was 5.29. The lowest was 0.92. And the median was 1.81.

NYSE:FC's Current Ratio is ranked higher than
63% of the 319 Companies
in the Business Services industry.

( Industry Median: 1.54 vs. NYSE:FC: 0.94 )

Franklin Covey Co Current Ratio Historical Data

The historical data trend for Franklin Covey Co'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.

Franklin Covey Co Annual Data
Trend Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.14 1.06 1.15 0.99

Franklin Covey Co Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.14 0.99 0.99 0.99 0.94

Competitive Comparison

For the Consulting Services subindustry, Franklin Covey Co'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.

   

Franklin Covey Co Current Ratio Distribution

For the Business Services industry and Industrials sector, Franklin Covey Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Franklin Covey Co's Current Ratio falls into.



Franklin Covey Co 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.

Franklin Covey Co's Current Ratio for the fiscal year that ended in Aug. 2020

Current Ratio (A: Aug. 2020 )=Total Current Assets (A: Aug. 2020 )/Total Current Liabilities (A: Aug. 2020 )
=101.664/102.528
=0.99

Franklin Covey Co's Current Ratio for the quarter that ended in May. 2021 is calculated as

Current Ratio (Q: May. 2021 )=Total Current Assets (Q: May. 2021 )/Total Current Liabilities (Q: May. 2021 )
=98.229/104.643
=0.94

* 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.


Franklin Covey Co  (NYSE:FC) 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.


Franklin Covey Co Current Ratio Related Terms

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Franklin Covey Co Business Description

Franklin Covey Co logo
Industry
Industrials » Business Services NAICS : 541611 SIC : 8742
Traded in Other Exchanges
N/A
Address
2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331
Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.
Executives
Whitman Robert A director, officer: Chief Executive Officer 4200 TEXAS COMMERCE TOWER WEST 2200 ROSS AVE DALLAS TX 75201
Young Stephen D officer: Chief Financial Officer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: YOUNG STEPHEN D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Davis Clifton Todd officer: VP People Services 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Covey Michael Sean Merrill officer: SVP Innovations and Marketing 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Miller Scott Jeffery officer: EVP Bus Development/Marketing 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Dom Colleen D officer: EVP Operations 2200 WEST PARKWAY BLVD SALT LAKE CITY UT 84119
Walker Paul S officer: EVP, Direct Offices Division 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Stepp Esther Kay director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STEPP ESTHER KAY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Phillips Nancy R director 1515 BROADWAY NEW YORK NY 10036
Fung Michael director 2200 WEST PARKWAY BLVD SALT LAKE CITY UT 84119
Mcnamara Donald J director 4200 TEXAS COMMERCE TOWER WEST 2200 ROSS AVE SUITE 4200 DALLAS TX 75201
Chow Anne H director 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Heiner Dennis Grant director 2220 WEST PARKWAY BLVD SALT LAKE CITY UT 84119
Van Bever Derek C M director 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Peterson Joel Clinton director C/O JETBLUE AIRWAYS CORPORATION 27-01 QUEENS PLAZA NORTH LONG ISLAND CITY NY 11101

Franklin Covey Co Headlines

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