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. TPT Global Tech's current ratio for the quarter that ended in Mar. 2024 was 0.00.
TPT Global Tech has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If TPT Global Tech 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 TPT Global Tech's Current Ratio or its related term are showing as below:
During the past 13 years, TPT Global Tech's highest Current Ratio was 0.07. The lowest was 0.01. And the median was 0.02.
TPTW's Current Ratio is not ranked *
in the Hardware industry.
Industry Median: 2.02 * Ranked among companies with meaningful Current Ratio only.
TPT Global Tech Current Ratio Historical Data
The historical data trend for TPT Global Tech'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.
Competitive Comparison of TPT Global Tech's Current Ratio
For the Communication Equipment subindustry, TPT Global Tech'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.
TPT Global Tech's Current Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, TPT Global Tech's Current Ratio distribution charts can be found below:
* The bar in red indicates where TPT Global Tech's Current Ratio falls into.
TPT Global Tech 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.
TPT Global Tech's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
TPT Global Tech (OTCPK:TPTW) 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.
TPT Global Tech Current Ratio Related Terms
Thank you for viewing the detailed overview of TPT Global Tech's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
TPT Global Tech (TPT Global Tech) Business Description
TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).
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