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SolarWindow Technologies (SolarWindow Technologies) Current Ratio : 23.77 (As of Feb. 2024)


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What is SolarWindow 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. SolarWindow Technologies's current ratio for the quarter that ended in Feb. 2024 was 23.77.

SolarWindow Technologies has a current ratio of 23.77. 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 SolarWindow Technologies's Current Ratio or its related term are showing as below:

WNDW' s Current Ratio Range Over the Past 10 Years
Min: 0.06   Med: 22.87   Max: 127.22
Current: 23.77

During the past 13 years, SolarWindow Technologies's highest Current Ratio was 127.22. The lowest was 0.06. And the median was 22.87.

WNDW's Current Ratio is ranked better than
98.62% of 434 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.335 vs WNDW: 23.77

SolarWindow Technologies Current Ratio Historical Data

The historical data trend for SolarWindow 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.

* Premium members only.

SolarWindow Technologies Current Ratio Chart

SolarWindow Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.27 77.39 72.46 70.86 21.97

SolarWindow Technologies Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 Premium Member Only 32.02 26.30 21.97 17.69 23.77

Competitive Comparison of SolarWindow Technologies's Current Ratio

For the Utilities - Renewable subindustry, SolarWindow 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.


SolarWindow Technologies's Current Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SolarWindow Technologies's Current Ratio distribution charts can be found below:

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



SolarWindow 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.

SolarWindow Technologies's Current Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Current Ratio (A: Aug. 2023 )=Total Current Assets (A: Aug. 2023 )/Total Current Liabilities (A: Aug. 2023 )
=6.304/0.287
=21.97

SolarWindow Technologies's Current Ratio for the quarter that ended in Feb. 2024 is calculated as

Current Ratio (Q: Feb. 2024 )=Total Current Assets (Q: Feb. 2024 )/Total Current Liabilities (Q: Feb. 2024 )
=5.372/0.226
=23.77

* 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.


SolarWindow Technologies  (OTCPK:WNDW) 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.


SolarWindow Technologies Current Ratio Related Terms

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SolarWindow Technologies (SolarWindow Technologies) Business Description

Traded in Other Exchanges
N/A
Address
9375 E. Shea Blvd., Suite 107-B, Scottsdale, AZ, USA, 85260
SolarWindow Technologies Inc is a developer of transparent electricity-generating coatings namely LiquidElectricity Coatings. The LiquidElectricity Coatings transform surfaces into photovoltaic devices capable of generating electricity from natural sun, artificial light, and low, shaded, or reflected light conditions while maintaining transparency. Its products cater to multiple industries, including architectural, automotive, agrivoltaic, aerospace, commercial transportation, and marine.
Executives
Frank J Fabio officer: CFO/Sec. (Resigned 1/9/2009) 670 BROADWAY, MASSAPEQUA NY 11758
Jatinder S Bhogal director 216-1628 WEST 1ST AVE, VANCOUVER A1 V6J1G1
Harmel S Rayat director, 10 percent owner, officer: SECRETARY, TREASURER 700 - 688 WEST HASTINGS STREET, VANCOUVER A1 V6B 1P1
Joseph Sierchio director 430 PARK AVENUE, SUITE 702, NEW YORK NY 10022
Alastair K. Livesey director 216 - 1628 WEST 1ST AVENUE, VANCOUVER A1 V6J1G1
Thomas N Gladwin director 1628 WEST 1ST AVENUE, SUITE 216, VANCOUVER A1 V6J1G1
Nicholas S. Cucinelli director, officer: PRESIDENT/CEO 1628 WEST 1ST AVENUE, SUITE 216, VANCOUVER A1 V6J1G1

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