Joy Global Selected Fundamentals

Joy Global Inc -- USA Stock  

USD 28.3  0.00  0.00%

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Current Ratio Analysis

Current 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.
Joy Global 
Current Ratio 
Current Asset 
Current Liabilities 
2.45 times

Distress Driver Correlations

 Joy Global Current Ratio 

About Current Ratio

Typically, 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


Joy Global Income Change Over Time

Accumulated Other Comprehensive Income

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.

Peer Comparison

Joy Global Current Valuation Comparison
  Current Valuation 
      Joy Global Comparables 
Joy Global is currently under evaluation in current valuation category among related companies.

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