Global Tech Industries Group (Global Tech Industries Group) Current Ratio : 0.36 (As of Dec. 2023)

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What is Global Tech Industries Group 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. Global Tech Industries Group's current ratio for the quarter that ended in Dec. 2023 was 0.36.

Global Tech Industries Group has a current ratio of 0.36. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Global Tech Industries Group 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 Global Tech Industries Group's Current Ratio or its related term are showing as below:

GTII' s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.83
Current: 0.36

During the past 13 years, Global Tech Industries Group's highest Current Ratio was 0.83. The lowest was 0.02. And the median was 0.08.

GTII's Current Ratio is ranked worse than
96.8% of 532 companies
in the Conglomerates industry
Industry Median: 1.53 vs GTII: 0.36

Global Tech Industries Group Current Ratio Historical Data

The historical data trend for Global Tech Industries Group'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.

Global Tech Industries Group Current Ratio Chart

Global Tech Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Current Ratio

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0.02

0.13

0.23

0.83

0.36

Global Tech Industries Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Current Ratio	Get a 7-Day Free Trial															0.83	0.81	0.70	1.02	0.36

Competitive Comparison of Global Tech Industries Group's Current Ratio

For the Conglomerates subindustry, Global Tech Industries Group'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.

Global Tech Industries Group's Current Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Global Tech Industries Group's Current Ratio distribution charts can be found below:

* The bar in red indicates where Global Tech Industries Group's Current Ratio falls into.

Global Tech Industries Group 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.

Global Tech Industries Group'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 )
	=	1.276	/	3.545
	=	0.36

Global Tech Industries Group'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 )
	=	1.276	/	3.545
	=	0.36

Global Tech Industries Group (OTCPK:GTII) 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.

Global Tech Industries Group Current Ratio Related Terms

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Global Tech Industries Group (Global Tech Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Global Tech Industries Group Inc (OTCPK:GTII) » Definitions » Current Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

511 Sixth Avenue, Suite 800, New York, NY, USA, 10011

Website

https://www.gtii-us.com

Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.

Executives

David I Reichman	director, officer: CEO and President	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Frank Benintendo	director	11 SEAMAN COURT, OLD BRIDGE NJ 08857
Don Harold Gilbert	director	PO BOX 090122, STATEN ISLAND NY 10309
Kathy M Griffin	director, officer: President	98 BLACK ROCK DRIVE, HINGHAM MA 02043
Global Tech Industries Group, Inc.	director, 10 percent owner, officer: Chief Executive Officer	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Tree Top Industries, Inc. Profit Sharing Plan Trust	other: Employee Trust	40 CENTRAL PARK SOUTH, 8H, NEW YORK NY 10019
Robert Hantman	director	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Michael Valle	director	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
L G Davis	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Justine Reichman	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Trisha Woods	10 percent owner, officer: President of Wholly-Owned Sub.	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046
James Black	10 percent owner	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046