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. Grenke AG's current ratio for the quarter that ended in Mar. 2025 was 1.03.
Grenke AG has a current ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Grenke AG's Current Ratio or its related term are showing as below:
WBO:GLJ'
s Current Ratio Range Over the Past 10 Years
Min: 1.03 Med: 1.38 Max: 1.64
Current: 1.03
During the past 13 years, Grenke AG's highest Current Ratio was 1.64. The lowest was 1.03. And the median was 1.38.
WBO:GLJ's Current Ratio is ranked worse than 86.82% of 387
companies
in the Credit Services industry
Industry Median: 4.06
vs WBO:GLJ: 1.03
Grenke AG Current Ratio Historical Data
The historical data trend for Grenke AG'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 Grenke AG's Current Ratio
For the Credit Services subindustry, Grenke AG'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.
Grenke AG's Current Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Grenke AG's Current Ratio distribution charts can be found below:
* The bar in red indicates where Grenke AG's Current Ratio falls into.
* 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.
Grenke AG (WBO:GLJ) 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.
Grenke AG Current Ratio Related Terms
Thank you for viewing the detailed overview of Grenke AG's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.
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