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. Allfunds Group's current ratio for the quarter that ended in Dec. 2023 was 1.18.
Allfunds Group has a current ratio of 1.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for Allfunds Group's Current Ratio or its related term are showing as below:
XAMS:ALLFG'
s Current Ratio Range Over the Past 10 Years
Min: 1.09 Med: 1.13 Max: 1.18
Current: 1.18
During the past 5 years, Allfunds Group's highest Current Ratio was 1.18. The lowest was 1.09. And the median was 1.13.
XAMS:ALLFG's Current Ratio is ranked worse than 79.24% of 684
companies
in the Asset Management industry
Industry Median: 2.95
vs XAMS:ALLFG: 1.18
Allfunds Group Current Ratio Historical Data
The historical data trend for Allfunds 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.
Competitive Comparison of Allfunds Group's Current Ratio
For the Asset Management subindustry, Allfunds 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.
Allfunds Group's Current Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Allfunds Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Allfunds Group's Current Ratio falls into.
Allfunds 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.
Allfunds Group's Current Ratio for the fiscal year that ended in Dec. 2023 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.
Allfunds Group (XAMS:ALLFG) 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.
Allfunds Group Current Ratio Related Terms
Thank you for viewing the detailed overview of Allfunds Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Allfunds is a fund distribution platform connecting fund houses and distributors, creating a single access point for both sides to gain a wider reach with regard to assets under administration and fund variety, respectively. As of 2022, Allfunds had EUR 1.3 trillion in assets under administration stemming from about 860 distributors on its platform. In return, distributors gained access to about 139,000 funds from 3,000 different fund houses. Allfunds also provides ancillary services to both fund houses and distributors, covering the marketing, distribution, legal, regulatory, as well as data and analytics needs arising in the fund distribution space. Allfunds derives the majority of its revenue from Italy, Spain, and France.
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