Logistics Innovation Technologies (Logistics Innovation Technologies) Current Ratio : 0.31 (As of Mar. 2023)

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What is Logistics Innovation Technologies 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. Logistics Innovation Technologies's current ratio for the quarter that ended in Mar. 2023 was 0.31.

Logistics Innovation Technologies has a current ratio of 0.31. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Logistics Innovation 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 Logistics Innovation Technologies's Current Ratio or its related term are showing as below:

LITTU' s Current Ratio Range Over the Past 10 Years
Min: 0.31 Med: 4.39 Max: 9.09
Current: 0.31

During the past 2 years, Logistics Innovation Technologies's highest Current Ratio was 9.09. The lowest was 0.31. And the median was 4.39.

LITTU's Current Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.88 vs LITTU: 0.31

Logistics Innovation Technologies Current Ratio Historical Data

The historical data trend for Logistics Innovation 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.

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Logistics Innovation Technologies Current Ratio Chart

Logistics Innovation Technologies Annual Data

Trend

Dec21

Dec22

Current Ratio

6.34

0.83

Logistics Innovation Technologies Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Current Ratio	Get a 7-Day Free Trial				6.40	2.43	1.04	0.83	0.31

Competitive Comparison of Logistics Innovation Technologies's Current Ratio

For the Shell Companies subindustry, Logistics Innovation 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.

Logistics Innovation Technologies's Current Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Logistics Innovation Technologies's Current Ratio distribution charts can be found below:

* The bar in red indicates where Logistics Innovation Technologies's Current Ratio falls into.

Logistics Innovation Technologies 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.

Logistics Innovation 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 )
	=	0.672	/	0.807
	=	0.83

Logistics Innovation 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 )
	=	0.53	/	1.713
	=	0.31

Logistics Innovation Technologies (NAS:LITTU) 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.

Logistics Innovation Technologies Current Ratio Related Terms

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