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Directa Plus (LSE:DCTA) Current Ratio : 3.46 (As of Jun. 2023)


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What is Directa Plus 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. Directa Plus's current ratio for the quarter that ended in Jun. 2023 was 3.46.

Directa Plus has a current ratio of 3.46. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

The historical rank and industry rank for Directa Plus's Current Ratio or its related term are showing as below:

LSE:DCTA' s Current Ratio Range Over the Past 10 Years
Min: 0.46   Med: 4.73   Max: 14.2
Current: 3.46

During the past 10 years, Directa Plus's highest Current Ratio was 14.20. The lowest was 0.46. And the median was 4.73.

LSE:DCTA's Current Ratio is ranked better than
76.02% of 1568 companies
in the Chemicals industry
Industry Median: 1.95 vs LSE:DCTA: 3.46

Directa Plus Current Ratio Historical Data

The historical data trend for Directa Plus'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.

Directa Plus Current Ratio Chart

Directa Plus 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 3.63 2.66 2.32 7.14 3.31

Directa Plus Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 Premium Member Only 4.17 7.14 5.60 3.31 3.46

Competitive Comparison of Directa Plus's Current Ratio

For the Specialty Chemicals subindustry, Directa Plus'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.


Directa Plus's Current Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Directa Plus's Current Ratio distribution charts can be found below:

* The bar in red indicates where Directa Plus's Current Ratio falls into.



Directa Plus 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.

Directa Plus'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 )
=9.537/2.88
=3.31

Directa Plus's Current Ratio for the quarter that ended in Jun. 2023 is calculated as

Current Ratio (Q: Jun. 2023 )=Total Current Assets (Q: Jun. 2023 )/Total Current Liabilities (Q: Jun. 2023 )
=7.823/2.261
=3.46

* 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.


Directa Plus  (LSE:DCTA) 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.


Directa Plus Current Ratio Related Terms

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Directa Plus (LSE:DCTA) Business Description

Traded in Other Exchanges
Address
ComoNExT Science Park, Via Cavour 2, Lomazzo, ITA, 22074
Directa Plus PLC is a technology company engaged in the development of manufacturing processes to produce and supply high-quality engineered graphene-based products that can be used for industrial and commercial markets. The product range of the company includes G+ products and operates through the Textile; Environmental; and Others segments.

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