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Leroy Seafood Group ASA Current Ratio

: 2.96 (As of Sep. 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. Leroy Seafood Group ASA's current ratio for the quarter that ended in Sep. 2021 was 2.96.

Leroy Seafood Group ASA has a current ratio of 2.96. It generally indicates good short-term financial strength.

The historical rank and industry rank for Leroy Seafood Group ASA's Current Ratio or its related term are showing as below:

OTCPK:LYSFY' s Current Ratio Range Over the Past 10 Years
Min: 1.94   Med: 2.82   Max: 3.81
Current: 2.96

1.94
3.81

During the past 13 years, Leroy Seafood Group ASA's highest Current Ratio was 3.81. The lowest was 1.94. And the median was 2.82.

OTCPK:LYSFY's Current Ratio is ranked higher than
75% of the 1791 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 1.69 vs. OTCPK:LYSFY: 2.96 )

Leroy Seafood Group ASA Current Ratio Historical Data

The historical data trend for Leroy Seafood Group ASA'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.

Leroy Seafood Group ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.90 2.98 2.99 2.81 2.68

Leroy Seafood Group ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 2.87 2.68 2.96 2.58 2.96

Competitive Comparison

For the Packaged Foods subindustry, Leroy Seafood Group ASA'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.

   

Leroy Seafood Group ASA Current Ratio Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leroy Seafood Group ASA's Current Ratio distribution charts can be found below:

* The bar in red indicates where Leroy Seafood Group ASA's Current Ratio falls into.



Leroy Seafood Group ASA 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.

Leroy Seafood Group ASA's Current Ratio for the fiscal year that ended in Dec. 2020

Current Ratio (A: Dec. 2020 )=Total Current Assets (A: Dec. 2020 )/Total Current Liabilities (A: Dec. 2020 )
=1316.273500936/491.49073744415
=2.68

Leroy Seafood Group ASA's Current Ratio for the quarter that ended in Sep. 2021 is calculated as

Current Ratio (Q: Sep. 2021 )=Total Current Assets (Q: Sep. 2021 )/Total Current Liabilities (Q: Sep. 2021 )
=1568.1154499151/530.01062564245
=2.96

* 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.


Leroy Seafood Group ASA  (OTCPK:LYSFY) 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.


Leroy Seafood Group ASA Current Ratio Related Terms

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Leroy Seafood Group ASA Business Description

Leroy Seafood Group ASA logo
Traded in Other Exchanges
Address
Thormohlens gate 51 B, P.O.Box 7600, Bergen, NOR, NO - 5006
Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are global distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Finest Salmon Loin, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.
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