Premier Exhibitions (Premier Exhibitions) Current Ratio : 0.32 (As of Aug. 2015)

Premier Exhibitions Current Ratio Chart

Premier Exhibitions Annual Data
	Trend	Feb06	Feb07	Feb08	Feb09	Feb10	Feb11	Feb12	Feb13	Feb14	Feb15
Current Ratio		Get a 7-Day Free Trial					1.14	0.89	0.96	1.31	0.62

Premier Exhibitions Quarterly Data
	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15
Current Ratio	Get a 7-Day Free Trial															0.95	0.67	0.62	0.39	0.32

Competitive Comparison of Premier Exhibitions's Current Ratio

For the Leisure subindustry, Premier Exhibitions'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.

Premier Exhibitions's Current Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Premier Exhibitions's Current Ratio distribution charts can be found below:

* The bar in red indicates where Premier Exhibitions's Current Ratio falls into.

Premier Exhibitions 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.

Premier Exhibitions's Current Ratio for the fiscal year that ended in Feb. 2015 is calculated as

Premier Exhibitions's Current Ratio for the quarter that ended in Aug. 2015 is calculated as

* 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.

Premier Exhibitions  (OTCPK:PRXIQ) 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.

Premier Exhibitions Current Ratio Related Terms

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Premier Exhibitions (Premier Exhibitions) Business Description