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. United Van Der Horst's current ratio for the quarter that ended in Dec. 2023 was 0.00.
United Van Der Horst has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If United Van Der Horst 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 United Van Der Horst's Current Ratio or its related term are showing as below:
BOM:522091'
s Current Ratio Range Over the Past 10 Years
Min: 0.27 Med: 1.37 Max: 8.39
Current: 1.72
During the past 13 years, United Van Der Horst's highest Current Ratio was 8.39. The lowest was 0.27. And the median was 1.37.
BOM:522091's Current Ratio is ranked worse than 60.15% of 3026
companies
in the Industrial Products industry
Industry Median: 1.99
vs BOM:522091: 1.72
United Van Der Horst Current Ratio Historical Data
The historical data trend for United Van Der Horst'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 United Van Der Horst's Current Ratio
For the Specialty Industrial Machinery subindustry, United Van Der Horst'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.
United Van Der Horst's Current Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, United Van Der Horst's Current Ratio distribution charts can be found below:
* The bar in red indicates where United Van Der Horst's Current Ratio falls into.
United Van Der Horst 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.
United Van Der Horst'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.
United Van Der Horst (BOM:522091) 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.
United Van Der Horst Current Ratio Related Terms
Thank you for viewing the detailed overview of United Van Der Horst's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
United Van Der Horst (BOM:522091) Business Description
United Van Der Horst Ltd is a company engaged in providing reconditioning, re-standardizing, reverse engineering, and manufacturing services to the sectors such as marine, oil field, power plants, petrochemicals, and mining. The business segments of the group are Manufacturing and reconditioning; and Others, of which maximum revenue is derived from the Job work and reconditioning segment, which relates to job work of hydraulic cylinders. The group's process includes grinding, honing, chrome plating, boring, vertical turret lathe, and groove grinding. It offers products like hydraulic cylinders, pneumatic cylinders, hydraulic seals, pneumatic seals, telescopic cylinders, a coil buggy cylinder, rock breaker cylinder, jacking cylinder, and others.
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