What is the automotive industry average for current ratio?
2021 was 1.33. Group 1 Automotive has a current ratio of 1.33.
What is the industry average for current ratio?
between 1.5% and 3%
Acceptable current ratios vary from industry to industry and are generally between 1.5% and 3% for healthy businesses. If a company’s current ratio is in this range, then it generally indicates good short-term financial strength.
What is a good quick ratio for automotive industry?
| Financial ratio | Year | |
|---|---|---|
| 2020 | 2019 | |
| Current Ratio | 2.46 | 1.51 |
| Quick Ratio | 1.41 | 0.75 |
| Cash Ratio | 0.96 | 0.30 |
What is a good current ratio?
However, in most cases, a current ratio between 1.5 and 3 is considered acceptable. Some investors or creditors may look for a slightly higher figure. By contrast, a current ratio of less than 1 may indicate that your business has liquidity problems and may not be financially stable.
What is Ford’s current ratio?
Ford Motor Co has a current ratio of 1.21.
What is Tesla’s current ratio?
Tesla has a current ratio of 1.39.
Is 1.35 a good current ratio?
A current ratio below 1-to-1 indicates a business may not be able to cover its current liabilities with current assets. A current ratio above 2-to-1 may indicate a company is not making efficient use of its short-term assets. In general, a current ratio between 1.2-to-1 and 2-to-1 is considered healthy.
What is a bad current ratio?
A company with a current ratio of between 1.2 and 2 is typically considered good. The higher the current ratio, the more liquid a company is. However, if the current ratio is too high (i.e. above 2), it might be that the company is unable to use its current assets efficiently.
What is General Motors current ratio?
General Motors Co has a current ratio of 1.10.
What is a good profit margin in the auto industry?
Gross Profit Margin% Gross profit margins range between 13% and 21% in the group of car makers in this survey and corellate closely with their brand positioning: premium brands enjoy higher average gross margins than mainstream and budget brands, with some notable exceptions.
Is 1.34 a good current ratio?
In general, a good current ratio is anything over 1, with 1.5 to 2 being the ideal. If this is the case, the company has more than enough cash to meet its liabilities while using its capital effectively.
What is Ford’s quick ratio?
Ford Motor Co has a quick ratio of 1.05.
What is industry current ratio?
The current ratio is an indication of a firm’s market liquidity and ability to meet short-term debt obligations. Acceptable current ratios vary from industry to industry, but a current ratio between 1 and 1.5 is considered standard.
What is the average current ratio?
It is expressed as follows: The current ratio is an indication of a firm’s market liquidity and ability to meet creditor’s demands. Acceptable current ratios vary from industry to industry and are generally between 1.5 and 3 for healthy businesses.
What is current ratio analysis?
Current ratio analysis is used to determine the liquidity of a business. The results of this analysis can then be used to grant credit or loans, or to decide whether to invest in a business. The current ratio is one of the most commonly used measures of the liquidity of a business. It is defined as current assets divided by current liabilities.
Where to find industry ratios?
Another way to find financial ratios is to contact the local Chamber of Commerce or your industry’s trade association. However, if you’re researching industry data and trends outside your city or state, it’s worth using a premium service.