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.
Penrice
Current Ratio
=
Current Asset
Current Liabilities
=
0.97 times
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).
In accordance with recently published financial statements Penrice Soda Holdings Limited has Current Ratio of 0.97 times. This is 79.27% lower than that of Basic Materials sector, and 60.41% lower than that of Chemicals - Major Diversified industry, The Current Ratio for all stocks is 60.25% higher than the company.
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Current Ratio Comparison
Penrice is regarded third in current ratio category among related companies.
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