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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. Dominari Holdings's current ratio for the quarter that ended in Mar. 2024 was 15.89.
Dominari Holdings has a current ratio of 15.89. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Dominari Holdings's Current Ratio or its related term are showing as below:
During the past 13 years, Dominari Holdings's highest Current Ratio was 184.09. The lowest was 0.37. And the median was 4.21.
The historical data trend for Dominari Holdings'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.
Dominari Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.51 | 31.62 | 85.66 | 28.32 | 17.51 |
Dominari Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Current Ratio | Get a 7-Day Free Trial | 26.03 | 14.46 | 20.26 | 17.51 | 15.89 |
For the Biotechnology subindustry, Dominari Holdings'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.
For the Biotechnology industry and Healthcare sector, Dominari Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Dominari Holdings's Current Ratio falls into.
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.
Dominari Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 28.142 | / | 1.607 | |
= | 17.51 |
Dominari Holdings's Current Ratio for the quarter that ended in Mar. 2024 is calculated as
Current Ratio (Q: Mar. 2024 ) | = | Total Current Assets (Q: Mar. 2024 ) | / | Total Current Liabilities (Q: Mar. 2024 ) |
= | 25.358 | / | 1.596 | |
= | 15.89 |
* 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.
Dominari Holdings (NAS:DOMH) 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.
Thank you for viewing the detailed overview of Dominari Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kyle Michael Wool | director | 650 5TH AVE, 35TH FLOOR, NEW YORK NY 10019 |
Christopher Franklin Devall | officer: Chief Operating Officer | DOMINARI HOLDINGS INC., ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Anthony Hayes | director, officer: Chief Executive Officer | 1796 SHADY LANE, COLUMBIA SC 29206 |
George Way | officer: Chief Financial Officer | C/O DOMINARI HOLDINGS INC., 725 5TH AVENUE 23RD FLOOR, NEW YORK NY 10022 |
Soo Yu | director | ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Tim S Ledwick | director | 10200 INNOVATION DRIVE, SUITE 300, MILWAUKEE WI 53226 |
Gregory James Blattner | director | ONE ROCKEFELLER PLAZA 11TH FLOOR, NEW YORK NY 10020 |
Paul Lemire | director | ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Robert Frederick Dudley | director | ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Zanden Robert J Vander | director | 913 HIGH KNOLL WAY, TRAVELERS REST SC 29690 |
Eric Weisblum | director | 285 GRAND AVENUE, ENGLEWOOD NJ 07631 |
Howard E Goldberg | director | 781 THIRD AVENUE, KING OF PRUSSIA PA 194061409 |
Frank Reiner | officer: Interim CFO | 6430 ROCKLEDGE DRIVE, SUITE 503, BETHESDA MD 20817 |
Jeffrey Ballabon | director | 6430 ROCKLEDGE DRIVE, BETHESDA NY 20817 |
Richard Cohen | officer: Chief Financial Officer | C/O DUNE ENERGY, INC., TWO SHELL PLAZA, 777 WALKER STREET, SUITE 2300, HOUSTON TX 77002 |
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