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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. Inter Parfums's current ratio for the quarter that ended in Dec. 2023 was 2.58.
Inter Parfums has a current ratio of 2.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for Inter Parfums's Current Ratio or its related term are showing as below:
During the past 13 years, Inter Parfums's highest Current Ratio was 4.70. The lowest was 2.29. And the median was 3.20.
The historical data trend for Inter Parfums'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.
Inter Parfums Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 3.11 | 3.85 | 2.90 | 2.29 | 2.58 |
Inter Parfums Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 2.29 | 2.35 | 2.41 | 2.41 | 2.58 |
For the Household & Personal Products subindustry, Inter Parfums'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 Consumer Packaged Goods industry and Consumer Defensive sector, Inter Parfums's Current Ratio distribution charts can be found below:
* The bar in red indicates where Inter Parfums'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.
Inter Parfums's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 839.026 | / | 324.745 | |
= | 2.58 |
Inter Parfums's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 839.026 | / | 324.745 | |
= | 2.58 |
* 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.
Inter Parfums (NAS:IPAR) 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 Inter Parfums's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Philippe Santi | officer: Dir. of Finance | INTER PARFUMS S A, 4 ROND POINT DES CHAMPS ELYSEES, PARIS I0 99999 |
Jean Madar | director, 10 percent owner, officer: CEO | JEAN PHILIPPE FRAGRANCES INC, 551 FIFTH AVE 15TH FLOOR, NEW YORK NY 10176 |
Gerard Kappauf | director | JUMEIRAH 1, 30TH C STREET, VILLA 76, DUBAI C0 500001 |
Veronique Gabai-pinsky | director | C-O VERA WANG GROUP, 15 EAST 26TH STREET, NEW YORK NY 10010 |
Gilbert Harrison | director | HARRISON GROUP, 745 FIFTH AVENUE, SUITE 514, NEW YORK NY 10151 |
Pelayo Frederic Garcia | officer: Dir ExportSales InterParfumsSA | |
Russell Greenberg | director, officer: Ex. VP and CFO | INTER PARFUMS INC, 551 FIFTH AVE 15TH FLR, NEW YORK NY 10176 |
Philippe Benacin | director, 10 percent owner, officer: President | C/O INTER PARFUMS INC, 551 FIFTH AVE, 5TH FLOOR, NEW YORK NY 10176 |
Michel D. Atwood | director, officer: Chief Financial Officer | 1113 YORK AVENUE, NEW YORK NY 10065 |
Francois Heilbronn | director | M M FRIEDRICH HEILBRONN & FISZER, 24 AVE MATIGNON, PARIS I0 99999 |
Torres Robert Bensoussan | director | 48 BOULEVARD RASPAIL, PARIS I0 99999 |
Patrick Choel | director | UNIVERSITE-82, 7 RUE DE TALLEYRAND, PARIS I0 75007 |
Henry B. Clarke | officer: President Specialty Retail Div | INTER PARFUMS, INC., 551 FIFTH AVENUE, NEW YORK NY 10176 |
Michel Dyens | director | MICHEL DYENS & CO, 17 AVENUE MONTAIGNE, PARIS I0 75008 |
Jean Levy | director | CHEZ AXCESS GROUPE, 8 RUE DE BERRI, PARIS I0 99999 |
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