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Current Ratio for ITM Power Plc

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IJ8: ITM Power Plc

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. The company’s product portfolio co...

- EUR
Price
EUR
Fair Value
Upside
- - -
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on ITM Power Plc's Current Ratio:

Apr 2016Apr 2018Apr 2020Apr 2022Apr 20240.0x2.0x4.0x6.0x8.0x10.0x

Performance Summary
  • ITM Power's latest twelve months current ratio is 3.9x
  • ITM Power's current ratio for fiscal years ending April 2020 to 2024 averaged 5.9x.
  • ITM Power's operated at median current ratio of 5.6x from fiscal years ending April 2020 to 2024.
  • Looking back at the last 5 years, ITM Power's current ratio peaked in April 2022 at 8.5x.
  • ITM Power's current ratio hit its 5-year low in April 2020 of 3.2x.
  • ITM Power's current ratio decreased in 2023 (5.6x, -33.9%) and 2024 (4.2x, -25.4%) and increased in 2020 (3.2x, +54.5%), 2021 (8.1x, +153.6%), and 2022 (8.5x, +4.2%).

How does ITM Power's Current Ratio benchmark against competitors?

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We've identified the following companies as similar to ITM Power Plc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Current Ratio

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current_ratio
Slug
number
Datatype
text
Format
current
Default Period
FY, Q, LTM, YTD
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Current Ratio in the risk category include:

  • Price Standard Deviation (1 year) - Standard deviation of closing price over the last one year.
  • Beneish M-Score - A statistical score that uses financial ratios to identify whether a company has manipulated its earnings
  • Degree of Combined Leverage (DCL) - The degree of combined leverage expands on the degree of operating leverage to provide a view of a company's ability to generate profits from sales. It multiplies DOL and DFL.
  • Beta (1 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. Beta (1 Year) is calculated using one year of weekly returns.
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Current Ratio

A ratio that compares a company's current total assets to its current total liabilities.

Definition of Current Ratio

Sector Benchmark Analysis

Sector
Industry Group
Industry
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0.2x3.2x6.2x11.5x0100200300

The chart above depicts the distribution of current ratio for companies operating in the Industrials sector in the Developed economic region. Over 3,590 companies were considered in this analysis, and 3,452 had meaningful values. The average current ratio of companies in the sector is 2.1x with a standard deviation of 1.6x.

ITM Power Plc's Current Ratio of 3.9x ranks in the 89.8% percentile for the sector. The following table provides additional summary stats:

Current Ratio In The Industrials Sector
Economic Risk RegionDeveloped
Total Constituents3,595
Included Constituents3,452
Min0.1x
Max11.4x
Median1.6x
Mean2.1x
Standard Deviation1.6x

You can find companies with similar current ratio using this stock screener.

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