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. Lee Feed Mill PCL's current ratio for the quarter that ended in Dec. 2023 was 10.49.
Lee Feed Mill PCL has a current ratio of 10.49. 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 Lee Feed Mill PCL's Current Ratio or its related term are showing as below:
BKK:LEE'
s Current Ratio Range Over the Past 10 Years
Min: 8.17 Med: 10.34 Max: 11.76
Current: 10.49
During the past 13 years, Lee Feed Mill PCL's highest Current Ratio was 11.76. The lowest was 8.17. And the median was 10.34.
BKK:LEE's Current Ratio is ranked better than 96.87% of 1919
companies
in the Consumer Packaged Goods industry
Industry Median: 1.66
vs BKK:LEE: 10.49
Lee Feed Mill PCL Current Ratio Historical Data
The historical data trend for Lee Feed Mill PCL'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 Lee Feed Mill PCL's Current Ratio
For the Packaged Foods subindustry, Lee Feed Mill PCL'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.
Lee Feed Mill PCL's Current Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lee Feed Mill PCL's Current Ratio distribution charts can be found below:
* The bar in red indicates where Lee Feed Mill PCL's Current Ratio falls into.
Lee Feed Mill PCL 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.
Lee Feed Mill PCL's Current Ratio for the fiscal year that ended in Dec. 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.
Lee Feed Mill PCL (BKK:LEE) 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.
Lee Feed Mill PCL Current Ratio Related Terms
Thank you for viewing the detailed overview of Lee Feed Mill PCL's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lee Feed Mill PCL engages in the production, and distribution of animal feed for both livestock, and aquaculture in concentrated pellet and powder forms, as well as feed for swine, chickens, ducks, cattle, fish, and shrimp, under the brand names of Lee, Win, Max, and Pro-Grade. The company operates through the following segments: Manufacture and Distribution of Animal Feed, Crop Drying, Experimental Farming, and Crop Farming. It offers pet food, land-animal feed, and aquatic animal feed. The company is also involved in breeding broiler chicks; silo grain storage as well as rental farming businesses. Its operations are majorly carried out in Thailand.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:LEE has been successfully added to your 