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. AGX Group Bhd's current ratio for the quarter that ended in Dec. 2022 was 1.92.
AGX Group Bhd has a current ratio of 1.92. It generally indicates good short-term financial strength.
The historical rank and industry rank for AGX Group Bhd's Current Ratio or its related term are showing as below:
XKLS:0299'
s Current Ratio Range Over the Past 10 Years
Min: 1 Med: 1.71 Max: 1.92
Current: 1.92
During the past 3 years, AGX Group Bhd's highest Current Ratio was 1.92. The lowest was 1.00. And the median was 1.71.
XKLS:0299's Current Ratio is ranked better than 68.14% of 976
companies
in the Transportation industry
Industry Median: 1.395
vs XKLS:0299: 1.92
AGX Group Bhd Current Ratio Historical Data
The historical data trend for AGX Group Bhd'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.
AGX Group Bhd Current Ratio Chart
AGX Group Bhd Annual Data
Trend
Dec20
Dec21
Dec22
Current Ratio
1.00
1.71
1.92
AGX Group Bhd Semi-Annual Data
Dec20
Dec21
Dec22
Current Ratio
1.00
1.71
1.92
Competitive Comparison of AGX Group Bhd's Current Ratio
For the Integrated Freight & Logistics subindustry, AGX Group Bhd'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.
AGX Group Bhd's Current Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, AGX Group Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where AGX Group Bhd's Current Ratio falls into.
AGX Group Bhd 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.
AGX Group Bhd's Current Ratio for the fiscal year that ended in Dec. 2022 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.
AGX Group Bhd (XKLS:0299) 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.
AGX Group Bhd Current Ratio Related Terms
Thank you for viewing the detailed overview of AGX Group Bhd's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AGX Group Bhd is a logistics service provider. It is a 3PL service provider that comprises sea and air freight forwarding, aerospace logistics, warehousing and other 3PL, and road freight transportation services. It also provides services to assist senders or receivers in transporting their goods from the point of origin to their final destinations and has services in all the countries and has a physical presence, namely Malaysia, the Philippines, Korea, Myanmar, and Singapore. Its sea and air freight forwarding services are mostly concerned with organizing the transportation of cargo for our customers, starting from the point of origin and ending when the freight is delivered to its final destination. Sea and air freight forwarding services generate maximum revenue for the company.
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