SMX (Security Matters) (SMX (Security Matters)) Current Ratio : 0.04 (As of Dec. 2023)

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What is SMX (Security Matters) 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. SMX (Security Matters)'s current ratio for the quarter that ended in Dec. 2023 was 0.04.

SMX (Security Matters) has a current ratio of 0.04. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If SMX (Security Matters) 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 SMX (Security Matters)'s Current Ratio or its related term are showing as below:

SMX' s Current Ratio Range Over the Past 10 Years
Min: 0.04 Med: 1.86 Max: 3.4
Current: 0.04

During the past 4 years, SMX (Security Matters)'s highest Current Ratio was 3.40. The lowest was 0.04. And the median was 1.86.

SMX's Current Ratio is ranked worse than
99.54% of 1078 companies
in the Business Services industry
Industry Median: 1.735 vs SMX: 0.04

SMX (Security Matters) Current Ratio Historical Data

The historical data trend for SMX (Security Matters)'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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SMX (Security Matters) Current Ratio Chart

SMX (Security Matters) Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Current Ratio

3.40

2.69

1.03

0.04

SMX (Security Matters) Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Current Ratio	Get a 7-Day Free Trial			2.69	1.09	1.03	0.24	0.04

Competitive Comparison of SMX (Security Matters)'s Current Ratio

For the Specialty Business Services subindustry, SMX (Security Matters)'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.

SMX (Security Matters)'s Current Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SMX (Security Matters)'s Current Ratio distribution charts can be found below:

* The bar in red indicates where SMX (Security Matters)'s Current Ratio falls into.

SMX (Security Matters) 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.

SMX (Security Matters)'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 )
	=	0.802	/	18.022
	=	0.04

SMX (Security Matters)'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 )
	=	0.802	/	18.022
	=	0.04

SMX (Security Matters) (NAS:SMX) 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.

SMX (Security Matters) Current Ratio Related Terms

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SMX (Security Matters) (SMX (Security Matters)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SMX (Security Matters) PLC (NAS:SMX) » Definitions » Current Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sussex Road, Mespil Business Centre, Mespil House, Dublin, IRL, D04 T4A6

Website

https://smx.tech/home

SMX (Security Matters) PLC provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer.