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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. Cyxtera Technologies's current ratio for the quarter that ended in Mar. 2023 was 0.43.
Cyxtera Technologies has a current ratio of 0.43. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Cyxtera Technologies 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 Cyxtera Technologies's Current Ratio or its related term are showing as below:
The historical data trend for Cyxtera Technologies'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.
Cyxtera Technologies Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Current Ratio | 1.07 | 0.44 | 0.35 |
Cyxtera Technologies Quarterly Data | |||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Current Ratio | Get a 7-Day Free Trial | 0.44 | 0.41 | 0.46 | 0.35 | 0.43 |
For the Information Technology Services subindustry, Cyxtera Technologies'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 Software industry and Technology sector, Cyxtera Technologies's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cyxtera Technologies'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.
Cyxtera Technologies's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Current Ratio (A: Dec. 2022 ) | = | Total Current Assets (A: Dec. 2022 ) | / | Total Current Liabilities (A: Dec. 2022 ) |
= | 131.5 | / | 373.7 | |
= | 0.35 |
Cyxtera Technologies's Current Ratio for the quarter that ended in Mar. 2023 is calculated as
Current Ratio (Q: Mar. 2023 ) | = | Total Current Assets (Q: Mar. 2023 ) | / | Total Current Liabilities (Q: Mar. 2023 ) |
= | 147.4 | / | 343.2 | |
= | 0.43 |
* 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.
Cyxtera Technologies (OTCPK:CYXTQ) 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 Cyxtera Technologies's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey C Smith | director, 10 percent owner | 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301 |
Starboard Value Lp | director, 10 percent owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017 |
Starboard Value & Opportunity Master Fund L Lp | director, 10 percent owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017 |
Scott D. Vogel | director | 885 PARK AVENUE, NEW YORK NY 10075 |
Frederick Arnold | director | CHATSWORTH ADVISORS, INC., 3 YORK ROAD, LARCHMONT NY 10538 |
Roger Meltzer | director | 80 PINE STREET, C/O CAHILL GORDON& REINDELL LLP, NEW YORK NY 10005 |
Benjamin Phillips | director | 2 ALHAMBRA PLAZA, SUITE PH-1-B, CORAL GABLES FL 33134 |
James Randolph Rowland | officer: Chief Operating Officer | C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134 |
Victor Semah | officer: Chief Legal Officer | C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134 |
Carlos Ignacio Sagasta | officer: Chief Financial Officer | C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134 |
Fonseca Nelson A. Jr | director, officer: See Remarks | ONE BISCAYNE TOWER, 2 S. BISCAYNE BLVD, SUITE 2800, MIAMI FL 33131 |
Edmundo Miranda | officer: See Remarks | C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025 |
Bcec-sis Holdings L.p. | 10 percent owner | ARNOLD HOUSE PO BOX 273, ST JULIAN'S AVENUE, ST PETER PORT Y7 GY1 3RD |
Gregory L Waters | director | ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250 |
Starboard Value L Lp | director, 10 percent owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017 |
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