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Forge Global Holdings (Forge Global Holdings) Current Ratio : 6.74 (As of Dec. 2023)


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What is Forge Global Holdings 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. Forge Global Holdings's current ratio for the quarter that ended in Dec. 2023 was 6.74.

Forge Global Holdings has a current ratio of 6.74. 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 Forge Global Holdings's Current Ratio or its related term are showing as below:

FRGE' s Current Ratio Range Over the Past 10 Years
Min: 1.15   Med: 2.32   Max: 7.84
Current: 6.74

During the past 5 years, Forge Global Holdings's highest Current Ratio was 7.84. The lowest was 1.15. And the median was 2.32.

FRGE's Current Ratio is ranked better than
92.06% of 2822 companies
in the Software industry
Industry Median: 1.79 vs FRGE: 6.74

Forge Global Holdings Current Ratio Historical Data

The historical data trend for Forge Global Holdings'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.

Forge Global Holdings Current Ratio Chart

Forge Global Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
1.15 1.34 2.32 7.84 6.74

Forge Global Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.84 10.82 10.03 8.23 6.74

Competitive Comparison of Forge Global Holdings's Current Ratio

For the Software - Application subindustry, Forge Global Holdings'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.


Forge Global Holdings's Current Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Forge Global Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where Forge Global Holdings's Current Ratio falls into.



Forge Global Holdings 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.

Forge Global Holdings'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 )
=163.104/24.212
=6.74

Forge Global Holdings'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 )
=163.104/24.212
=6.74

* 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.


Forge Global Holdings  (NYSE:FRGE) 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.


Forge Global Holdings Current Ratio Related Terms

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Forge Global Holdings (Forge Global Holdings) Business Description

Traded in Other Exchanges
N/A
Address
415 Mission Street, Suite 5510, San Francisco, CA, USA, 94105
Forge Global Holdings Inc is a financial service platform created to serve the unique needs of the private market. It provides marketplace infrastructure, data services, and technology solutions for private market participants. The Company offers a trusted trading platform, proprietary data and insights to inform investment strategies, along with custody services to help companies, shareholders, institutions and accredited investors confidently navigate and transact in the private market.
Executives
Kelly Rodriques director, officer: Chief Executive Officer 415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Kimberley H Vogel director 63 CONSTITUTION DRIVE, CHICO CA 95973
Christoph Hansmeyer director 415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Johnathan H Short officer: Chief Legal Officer 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Asiff S Hirji director 250 FAIR OAKS STREET, SAN FRANCISCO CA 94110
Herbert James H. Ii director 1230 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10020
Ashwin Kumar director 415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Stephen J. George director 415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Jose Cobos officer: Chief Operating Officer 415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Borse Ag Deutsche 10 percent owner
Mark P Lee officer: Chief Financial Officer 415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Steven J. Mclaughlin director 277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Kristy Trieste director, officer: CFO and Director C/O MOTIVE CAPITAL, 250 GREENWICH STREET, FLOOR 47, NEW YORK NY 10007
Motive Capital Funds Sponsor, Llc 10 percent owner 7 WORLD TRADE CENTER, 250 GREENWICH STREET, FLOOR 47, NEW YORK NY 10007
Stephen C. Daffron director C/O THE DUN & BRADSTREET CORPORATION, 103 JOHN F. KENNEDY PARKWAY, SHORT HILLS NJ 07078-2708