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. Leo Palace21's current ratio for the quarter that ended in Dec. 2023 was 1.23.
Leo Palace21 has a current ratio of 1.23. It generally indicates good short-term financial strength.
The historical rank and industry rank for Leo Palace21's Current Ratio or its related term are showing as below:
STU:MQI'
s Current Ratio Range Over the Past 10 Years
Min: 0.73 Med: 1.1 Max: 1.54
Current: 1.23
During the past 13 years, Leo Palace21's highest Current Ratio was 1.54. The lowest was 0.73. And the median was 1.10.
STU:MQI's Current Ratio is ranked worse than 65.59% of 1831
companies
in the Real Estate industry
Industry Median: 1.62
vs STU:MQI: 1.23
Leo Palace21 Current Ratio Historical Data
The historical data trend for Leo Palace21'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.
Competitive Comparison of Leo Palace21's Current Ratio
For the Real Estate Services subindustry, Leo Palace21'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.
Leo Palace21's Current Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Leo Palace21's Current Ratio distribution charts can be found below:
* The bar in red indicates where Leo Palace21's Current Ratio falls into.
Leo Palace21 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.
Leo Palace21's Current Ratio for the fiscal year that ended in Mar. 2023 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.
Leo Palace21 (STU:MQI) 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.
Leo Palace21 Current Ratio Related Terms
Thank you for viewing the detailed overview of Leo Palace21's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.
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