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. Crown ElectroKinetics's current ratio for the quarter that ended in Dec. 2023 was 0.50.
Crown ElectroKinetics has a current ratio of 0.50. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Crown ElectroKinetics 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 Crown ElectroKinetics's Current Ratio or its related term are showing as below:
CRKN'
s Current Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.3 Max: 16.73
Current: 0.5
During the past 5 years, Crown ElectroKinetics's highest Current Ratio was 16.73. The lowest was 0.01. And the median was 0.30.
CRKN's Current Ratio is ranked worse than 96.68% of 1568
companies
in the Chemicals industry
Industry Median: 1.95
vs CRKN: 0.50
Crown ElectroKinetics Current Ratio Historical Data
The historical data trend for Crown ElectroKinetics'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 Crown ElectroKinetics's Current Ratio
For the Specialty Chemicals subindustry, Crown ElectroKinetics'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.
Crown ElectroKinetics's Current Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Crown ElectroKinetics's Current Ratio distribution charts can be found below:
* The bar in red indicates where Crown ElectroKinetics's Current Ratio falls into.
Crown ElectroKinetics 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.
Crown ElectroKinetics'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.
Crown ElectroKinetics (NAS:CRKN) 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.
Crown ElectroKinetics Current Ratio Related Terms
Thank you for viewing the detailed overview of Crown ElectroKinetics's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Crown ElectroKinetics (Crown ElectroKinetics) Business Description
Crown ElectroKinetics Corp is a provider of DynamicTint. The company's technology allows any glass surface to transition between clear and dark in seconds. DynamicTint allows windows to transition from transparent to black. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, Crown partners with glass and film manufacturers for mass production and distribution. Its technology is a thin film that is powered by an electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. The company is supported by a robust patent portfolio.
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