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Impulsora del Desarrollo Y El Empleo En America LatinaB de CV (FRA:4GO) Current Ratio : 1.15 (As of Dec. 2022)


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What is Impulsora del Desarrollo Y El Empleo En America LatinaB de CV Current Ratio?

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. Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's current ratio for the quarter that ended in Dec. 2022 was 1.15.

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV has a current ratio of 1.15. It generally indicates good short-term financial strength.

The historical rank and industry rank for Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's Current Ratio or its related term are showing as below:

FRA:4GO' s Current Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.19   Max: 2.8
Current: 1.15

During the past 13 years, Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's highest Current Ratio was 2.80. The lowest was 0.62. And the median was 1.19.

FRA:4GO's Current Ratio is not ranked
in the Construction industry.
Industry Median: 1.55 vs FRA:4GO: 1.15

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV Current Ratio Historical Data

The historical data trend for Impulsora del Desarrollo Y El Empleo En America LatinaB de CV'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.

* Premium members only.

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV Current Ratio Chart

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 1.11 1.11 1.30 1.15

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.26 1.11 1.11 1.30 1.15

Competitive Comparison of Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's Current Ratio

For the Infrastructure Operations subindustry, Impulsora del Desarrollo Y El Empleo En America LatinaB de CV'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.


Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's Current Ratio distribution charts can be found below:

* The bar in red indicates where Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's Current Ratio falls into.



Impulsora del Desarrollo Y El Empleo En America LatinaB de CV 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.

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV'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 )
=793.318/690.26
=1.15

Impulsora del Desarrollo Y El Empleo En America LatinaB de CV's Current Ratio for the quarter that ended in Dec. 2022 is calculated as

Current Ratio (Q: Dec. 2022 )=Total Current Assets (Q: Dec. 2022 )/Total Current Liabilities (Q: Dec. 2022 )
=793.318/690.26
=1.15

* 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.


Impulsora del Desarrollo Y El Empleo En America LatinaB de CV  (FRA:4GO) 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.


Impulsora del Desarrollo Y El Empleo En America LatinaB de CV Current Ratio Related Terms

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Impulsora del Desarrollo Y El Empleo En America LatinaB de CV (FRA:4GO) Business Description

Traded in Other Exchanges
Address
Lago Zurich 245, Edificio Presa Falcon, 17th floor, Ampliacion Granada, Mexico, DF, MEX, 11529
Impulsora del Desarrollo Y El Empleo En America Latina SAB de CV, or IDEAL, is a Mexican construction and engineering company. The company operates through five main reporting lines: toll roads, service, sale of electricity, prison services, and other. Toll roads, which generates the vast majority of revenue, constructs, operates, and maintains domestic toll roads. Prison services, the next most significant segment, generates income from the operation and maintenance of rehabilitation centres within Mexico.

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