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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. Applied Digital's current ratio for the quarter that ended in Feb. 2024 was 0.30.
Applied Digital has a current ratio of 0.30. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Applied Digital has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Applied Digital's Current Ratio or its related term are showing as below:
During the past 11 years, Applied Digital's highest Current Ratio was 5.93. The lowest was 0.18. And the median was 0.61.
The historical data trend for Applied Digital'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.
Applied Digital Annual Data | |||||||||||||||||||||
Trend | May03 | May04 | May05 | May06 | May07 | May08 | May20 | May21 | May22 | May23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 2.36 | - | 4.70 | 1.39 | 0.40 |
Applied Digital Quarterly Data | ||||||||||||||||||||
May08 | Aug08 | Nov08 | Feb09 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Current Ratio | Get a 7-Day Free Trial | 0.22 | 0.40 | 0.22 | 0.18 | 0.30 |
For the Capital Markets subindustry, Applied Digital'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 Capital Markets industry and Financial Services sector, Applied Digital's Current Ratio distribution charts can be found below:
* The bar in red indicates where Applied Digital'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.
Applied Digital's Current Ratio for the fiscal year that ended in May. 2023 is calculated as
Current Ratio (A: May. 2023 ) | = | Total Current Assets (A: May. 2023 ) | / | Total Current Liabilities (A: May. 2023 ) |
= | 45.759 | / | 115.46 | |
= | 0.40 |
Applied Digital's Current Ratio for the quarter that ended in Feb. 2024 is calculated as
Current Ratio (Q: Feb. 2024 ) | = | Total Current Assets (Q: Feb. 2024 ) | / | Total Current Liabilities (Q: Feb. 2024 ) |
= | 105.701 | / | 349.16 | |
= | 0.30 |
* 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.
Applied Digital (NAS:APLD) 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 Applied Digital's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Virginia Moore | director | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN,INC., DALLAS TX 75219 |
Richard N Nottenburg | director | 1303 EAST ALGONQUIN ROAD, SCHAUMBURG IL 60196 |
Michael Maniscalco | officer: Chief Technology Officer | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS TX 75219 |
Wes Cummins | director, 10 percent owner, officer: CEO & Chairman | 4505 LORRAINE AVE, DALLAS TX 75205 |
David Rench | officer: Chief Financial Officer | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219 |
Regina Ingel | officer: EVP - Operations | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219 |
Chuck Hastings | director | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219 |
Douglas S Miller | director | C/O TELENAV, INC., 4655 GREAT AMERICA PK, SUITE 300, SANTA CLARA CA 95054 |
Jason Zhang | director | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219 |
Kelli Mcdonald | director | 3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219 |
Richard S Rosenfeld | officer: CFO | 105 STONEBRIDGE ROAD, MONTCLAIR NJ 07042 |
James A Schwartz | director | 28 COTTRELL STREET, MYSTIC CT 06355 |
Riley Investment Partners Master Fund, L.p. | 10 percent owner | 11100 SANTA MONICA BOULEVARD, SUITE 810, LOS ANGELES CA 90025 |
Riley Investment Management Llc | 10 percent owner | 11100 SANTA MONICA BLVD., SUITE 810, LOS ANGELES CA 90025 |
Frank L Rees | director, officer: Executive Vice-President |
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