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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. Research Solutions's current ratio for the quarter that ended in Dec. 2023 was 0.70.
Research Solutions has a current ratio of 0.70. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Research Solutions 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 Research Solutions's Current Ratio or its related term are showing as below:
During the past 13 years, Research Solutions's highest Current Ratio was 1.92. The lowest was 0.70. And the median was 1.44.
The historical data trend for Research Solutions'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.
Research Solutions Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.39 | 1.48 | 1.47 | 1.40 | 1.47 |
Research Solutions 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 | 1.46 | 1.42 | 1.47 | 1.19 | 0.70 |
For the Software - Application subindustry, Research Solutions'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 Software industry and Technology sector, Research Solutions's Current Ratio distribution charts can be found below:
* The bar in red indicates where Research Solutions'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.
Research Solutions's Current Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Current Ratio (A: Jun. 2023 ) | = | Total Current Assets (A: Jun. 2023 ) | / | Total Current Liabilities (A: Jun. 2023 ) |
= | 21.301 | / | 14.504 | |
= | 1.47 |
Research Solutions'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 ) |
= | 11.616 | / | 16.707 | |
= | 0.70 |
* 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.
Research Solutions (NAS:RSSS) 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 Research Solutions's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter Derycz | director, 10 percent owner, officer: CEO & President | 207 10TH STREET, SANTA MONICA CA 90402 |
Bristol Capital Advisors, Llc | other: See Explanation of Responses | 555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360 |
Bristol Investment Fund Ltd | other: See Explanation of Responses | 89 NEXUS WAY, CAMANA BAY, PO BOX 311063, GRAND CAYMAN E9 KY1-1205 |
Paul Kessler | other: See Explanation of Responses | 555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360 |
Janice M Peterson | other: See Explanation of Responses | 10990 WILSHIRE BOULEVARD, STE 1410, LOS ANGELES CA 90024 |
Roy W Olivier | director | 11425 WEST LAKE PARK DRIVE, SUITE 900, MILWAUKEE WI 53224 |
Barbara J. Cooperman | director | 10624 S. EASTERN AVENUE, SUITE A-614, HENDERSON NV 89052 |
Eugene Vlad Robin | director | 2508 FISK LANE, REDONDO BEACH CA 90278 |
William Nurthen | officer: CFO & Secretary | 500 N. DEARBORN, SUITE 1200, CHICAGO IL 60610 |
Shane Alan Hunt | officer: Chief Customer Success Officer | C/O RESEARCH SOLUTIONS, INC., 10624 S. EASTERN AVE, SUITE A-614, HENDERSON NV 89052 |
Alan Louis Urban | officer: CFO & Secretary | 1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404 |
Marc Nissan | officer: Chief Technology Officer | C/O RESEARCH SOLUTIONS, INC., 15821 VENTURA BLVD. SUITE 165, ENCINO CA 91436 |
12 West Capital Management Lp | 10 percent owner | 475 TENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018 |
Van Der Heijden Michiel | officer: Chief Product Officer | 10624 S. EASTERN AVE.., STE, A-614, HENDERSON NV 89052 |
Erkel Rogier Van | officer: Chief Sales Officer | C/O RESEARCH SOLUTIONS, INC., 15821 VENTURA BLVD. SUITE 165, ENCINO CA 91436 |
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