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. Coda Octopus Group's current ratio for the quarter that ended in Jan. 2024 was 15.54.
Coda Octopus Group has a current ratio of 15.54. 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 Coda Octopus Group's Current Ratio or its related term are showing as below:
CODA'
s Current Ratio Range Over the Past 10 Years
Min: 2.99 Med: 6.43 Max: 20.94
Current: 15.54
During the past 13 years, Coda Octopus Group's highest Current Ratio was 20.94. The lowest was 2.99. And the median was 6.43.
CODA's Current Ratio is ranked better than 99.04% of 314
companies
in the Aerospace & Defense industry
Industry Median: 1.62
vs CODA: 15.54
Coda Octopus Group Current Ratio Historical Data
The historical data trend for Coda Octopus Group'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 Coda Octopus Group's Current Ratio
For the Aerospace & Defense subindustry, Coda Octopus Group'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.
Coda Octopus Group's Current Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's Current Ratio falls into.
Coda Octopus Group 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.
Coda Octopus Group's Current Ratio for the fiscal year that ended in Oct. 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.
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group Current Ratio Related Terms
Thank you for viewing the detailed overview of Coda Octopus Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Coda Octopus Group (Coda Octopus Group) Business Description
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.
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