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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. VOXX International's current ratio for the quarter that ended in Nov. 2023 was 1.81.
VOXX International has a current ratio of 1.81. It generally indicates good short-term financial strength.
The historical rank and industry rank for VOXX International's Current Ratio or its related term are showing as below:
During the past 13 years, VOXX International's highest Current Ratio was 3.07. The lowest was 1.28. And the median was 2.12.
The historical data trend for VOXX International'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.
VOXX International Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 2.59 | 3.07 | 2.18 | 1.62 | 1.86 |
VOXX International Quarterly Data | ||||||||||||||||||||
Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | |
Current Ratio | Get a 7-Day Free Trial | 1.92 | 1.86 | 1.72 | 1.76 | 1.81 |
For the Consumer Electronics subindustry, VOXX International'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.
For the Hardware industry and Technology sector, VOXX International's Current Ratio distribution charts can be found below:
* The bar in red indicates where VOXX International's Current Ratio falls into.
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.
VOXX International's Current Ratio for the fiscal year that ended in Feb. 2023 is calculated as
Current Ratio (A: Feb. 2023 ) | = | Total Current Assets (A: Feb. 2023 ) | / | Total Current Liabilities (A: Feb. 2023 ) |
= | 285.021 | / | 153.387 | |
= | 1.86 |
VOXX International's Current Ratio for the quarter that ended in Nov. 2023 is calculated as
Current Ratio (Q: Nov. 2023 ) | = | Total Current Assets (Q: Nov. 2023 ) | / | Total Current Liabilities (Q: Nov. 2023 ) |
= | 274.096 | / | 151.676 | |
= | 1.81 |
* 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.
VOXX International (NAS:VOXX) 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.
Thank you for viewing the detailed overview of VOXX International's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Beat Kahli | 10 percent owner | AVALON GROUP INTERNATIONAL, LLC, 3801 AVALON PARK EAST BLVD., STE 400, ORLANDO FL 32828 |
Steven R Downing | director | 14814 CREEK EDGE DRIVE, HOLLAND MI 49424 |
Peter A Lesser | director | C/O AUDIOVOX CORP, 180 MARCUS BLVD., HAUPPAUGE NY 11788-0518 |
Patrick M Lavelle | director, officer: Senior Vice President | 150 MARCUS BLVD, PO BOX 18000, HAUPPAUGE NY 11788 |
John J Shalam | director, 10 percent owner, officer: President and C.E.O. | 180 MARCUS BLVD, PO BOX 12427, HAUPPAGE NY 11788-0518 |
Holding Ag Kahli | 10 percent owner | RIESBACHSTRASSE 57, ZURICH V8 8008 |
Edward David Mas | officer: President Voxx Automotive Corp | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BOULEVARD, HAUPPAUGE NY 11788 |
John Jr Adamovich | director | 180 MARCUS BLVD, C/O VOXX INTERNATIONAL CORPORATION, HAUPPAUGE NY 11788 |
Kreuch Paul C Jr | director | C/O 180 MARCUS BLVD., PO BOX 12427, HAUPPAUGE NY 11788-0518 |
Ari Shalam | director | C/O AUDIOVOX CORP, 150 MARCUS BLVD, HAUPPAUGE NY 11788 |
Denise W. Gibson | director | 140 SCHOOL STREET, LIBERTYVILLE IL 60048 |
Oscar Leonard Bernardo | officer: COO Klipsch Group Inc. | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788 |
Ian Sebastian Geise | officer: President Voxx Accessories | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788 |
Michael F Klipsch | officer: Pres. Global Operations of KGI | 180 MARCUS BOULEVARD, C/O AUDIOVOX CORPORATION, HAUPPAUGE X1 11788 |
Ludwig Geis | officer: CEO VOXX Hirschmann Corp | STUTTGARTER STRASSE 45 - 51, NECKARTENZLINGEN 2M 72654 |
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