Equity Screeners to view more equity screening toolsThe Macroaxis Fundamental Analysis lookup allows users to check a given indicator for any equity or select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also
Current Ratio AnalysisCurrent Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Distress Driver Correlations
About Current RatioTypically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e. Current Ration of 2 to 1).Compare to competition
In accordance with recently published financial statements Joy Global Inc has Current Ratio of 2.45 times. This is much higher than that of the Industrial sector, and significantly higher than that of Power Nuclear And Heavy Engineering industry, The Current Ratio for all stocks is over 1000% lower than the firm.
Joy Global Inc Fundamental Drivers Relationships
Joy Global Inc is currently regarded as number one stock in gross profit category among related companies. It is currently regarded as number one stock in current liabilities category among related companies creating about 1.5 of Current Liabilities per Gross Profit.