That being said, how good a current ratio is In the export side of the world pharmaceutical market concentration ratios of 14.68%, 45.64%, 73.79%, and 90.37% were obtained for the 1, 4, 8, and 16 firm respectively for 2001-2012. The size of the firm positively but moderately governs the solvency of the Indian pharmaceutical firms (Ali, 2020c). IRS. After Brazil, Mexico is the second-largest pharmaceutical market in South America. Liquidity ratios are a class of financial metrics used to determine a debtor's ability to pay off current debt obligations without raising external capital. Quick ratio, also called the acid-test ratio, indicates the dollar amount of liquid assets available against the dollar amount of the companys current liabilities. By 2025, the market is estimated to have a CAGR of 8%, reaching $1700.97 billion. The scope of growth in the mutual fund investment space is immense in . Ideal Inventory Turnover Ratio. Do you want to find out the Price to Earnings (PE) ratio history of SUN PHARMACEUTICAL INDUSTRIES and compare it with industry peers of SUN PHARMACEUTICAL INDUSTRIES . Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. It is in favor of the company to be in a comfortable cash flow scenario. The pharma industry must embrace new technologies, patient design, and innovations. Series: NA | An ideal current ratio depends on the company's industry and historical development. 2 While the pandemic has created opportunities for the biopharma industry to demonstrate the industrys value, it also has led to potential short- If this is the case, the company has more than enough cash to meet its liabilities while using its capital effectively. Promoting sustainability and competitiveness of E.U.s pharmaceutical industry and the development of high-quality, safe, and effective medicines. This ratio, also known as the debtors turnover ratio, is an efficiency ratio that indicates the companys ability in collecting revenue from its customers. Lincoln Pharmaceuticals 5. Table of Content 1. . Thus the ratio must be compared to the industry benchmark to get the true picture of this score. Research expert covering health, pharma & medtech, Top 100 health & pharmaceutical companies. A lower DSI is optimal as it indicates lesser days required to convert inventory to sales. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Within Healthcare sector only one Industry has achieved higher Revenue per employee. The healthcare sectoris one of the largest market sectors, encompassing a variety of Search for published reports. Calculation: Current Assets / Current Liabilities. This ratio measures the companys income generating ability as compared to the revenue, balance sheets assets, equity, and operating costs. Current Ratio - breakdown by industry The current ratio indicates a company's ability to meet short-term debt obligations. Teva's generic product portfolio includes tablets, capsules, liquids, ointments, creams, liquids, injectables, and inhalants. | Bayer is the 4th most profitable pharmaceutical company globally. To make sense of the working capital turnover ratio, it is advisable to track it over a period of time before drawing conclusions. The cookie is used to store the user consent for the cookies in the category "Analytics". Today, its headquarters are located in Basel. The pharmaceutical industry is facing many challenges. The Pharmaceutical industry has some of the largest companies in the private sector, including Pfizer, Johnson & Johnson, Novartis, Merck, and GlaxoSmithKline. Working Capital Ratio total ranking has deteriorated relative to the New CE data from 20092010 will become. Emerging markets include middle and lower-income countries, including Brazil, India, Russia, Colombia, Egypt, and Russia. It is otherwise also known as estimated price to earnings . 1 views. For specific queries reach us today. Johnson & Johnson is a leader in medical device products, research and development, pharmaceutical manufacturing, and consumer level. A Current Ratio of 1.50 or greater means adequate liquidity. Teva Pharmaceutical Industries Current Ratio 2010-2022 | TEVA. Nevertheless, a fair judgment of the companys liquidity position can only be assessed when multiple ratios are considered in unison. Pfizer operates in two business segments: Pfizer Innovative Health, (IH), and Pfizer Essential Health (EH). Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Clicking on the following button will update the content below. ROI. Novo Nordisk's gross margin in that year was 82 . if(typeof(wpDataCharts)=='undefined'){wpDataCharts = {};}; wpDataCharts[526] = {render_data: {"options":{"title":{"text":"Top Global Pharmaceutical Companies Based on Pharma Revenue 2021","floating":false,"align":"center"},"series":[{"type":"","name":"Pfizer","color":"","label":"Pfizer","orig_header":"pfizer","data":[81300],"yAxis":0},{"type":"","name":"Roche","color":"","label":"Roche","orig_header":"roche","data":[68100],"yAxis":0},{"type":"","name":"AbbVie","color":"","label":"AbbVie","orig_header":"abbvie","data":[56100],"yAxis":0},{"type":"","name":"Johnson & Johnson","color":"","label":"Johnson & Johnson","orig_header":"johnsonjohnson","data":[52100],"yAxis":0},{"type":"","name":"Novartis","color":"","label":"Novartis","orig_header":"novartis","data":[51600],"yAxis":0},{"type":"","name":"Merck & Co.","color":"","label":"Merck & Co.","orig_header":"merckco","data":[48700],"yAxis":0},{"type":"","name":"Bristol-Myers Squibb","color":"","label":"Bristol-Myers Squibb","orig_header":"bristolmyerssquibb","data":[46400],"yAxis":0},{"type":"","name":"GlaxoSmithKline","color":"","label":"GlaxoSmithKline","orig_header":"glaxosmithkline","data":[46100],"yAxis":0},{"type":"","name":"Sanofi","color":"","label":"Sanofi","orig_header":"sanofi","data":[42900],"yAxis":0}],"xAxis":{"categories":["Company"],"crosshair":false},"yAxis":[{"gridLineDashStyle":"solid","title":{"text":"Reveneu (In million US$)"},"crosshair":false},[],[],[],[],[],[],[],[]],"chart":{"backgroundColor":"","borderWidth":0,"borderColor":"","borderRadius":0,"zoomType":"none","panning":false,"panKey":"shift","plotBackgroundColor":"","plotBackgroundImage":"","plotBorderColor":"","plotBorderWidth":"","inverted":false},"subtitle":{"text":"","align":"center"},"tooltip":{"enabled":true,"backgroundColor":"rgba(255, 255, 255, 0.85)","borderWidth":"1","borderColor":"","borderRadius":3,"shared":false,"valuePrefix":"","valueSuffix":""},"legend":{"enabled":true,"backgroundColor":"","title":{"text":""},"layout":"horizontal","align":"center","verticalAlign":"bottom","borderWidth":"0","borderColor":"","borderRadius":"0"},"exporting":{"enabled":false,"chartOptions":{"plotOptions":{"series":{"dataLabels":{"enabled":false}}}},"filename":"","width":"","buttons":{"contextButton":{"align":"right","verticalAlign":"top","symbolStroke":"#666","text":""}}},"credits":{"enabled":true,"href":"https:\/\/market.us\/","text":"\u00a9 Market.us 2022"}},"type":"highcharts_basic_column_chart","height":"400"}, engine: "highcharts", type: "highcharts_basic_column_chart", title: "Top Global Pharmaceutical Companies Based on Pharma Revenue 2021", container: "wpDataChart_526", follow_filtering: 0, wpdatatable_id: 619, group_chart: 0}. It does not store any personal data. Teva Pharmaceutical Industries current ratio for the three months ending March 31, 2022 was 1.07. Accounts payable turnover ratio is used to measure a companys capacity of short-term liquidity. That being said, how good a current ratio is depends on the type of company youre talking about. To calculate how many days it will take to sell the inventory on hand at the current rate, divide 365 days in the year by 3, which equals 121.67 days. Liquidity ratio indicates the cash availability in the business. However, this ratio has to be analyzed over a period of time to understand trends and in comparison with industry benchmarks. ! Current ratio Quick ratio= Current assets/Current liabilities. Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. This ratio also helps to compare various companies in the same sector. This cookie is set by GDPR Cookie Consent plugin. The main data collection from the annual financial reports on Beximco and . ROE is calculated by dividing a company's net income by total shareholders' equity. Pfizer current ratio for the three months ending March 31, 2022 was 1.39. A faulty business valuation can deprive the company of its much needed investments and distort their growth metrics. Perhaps searching can help. Interest coverage ratio The 5 companies analysed include: 1. .a{fill:#6db41e;stroke:#637733;}.b,.d{fill:none;}.b{stroke:#fff;}.c{stroke:none;}, +899.62 (+1.53%) The best way to use this ratio is to compare the companys present ratio to its historical ratio as well as the one of competitors and industry average. A competent financial analyst will refer to a good mix of ratios before arriving at any conclusion. Determining the optimal one for your company will depend on factors such as the type of business, its age, and the stage of the business cycle. The research, development, and manufacture of medicines and drugs constitute the pharmaceutical industry. Plateau Nirvana Guitar, They also produce consumer healthcare products and agricultural chemicals, seeds, as well as biotechnology products. The U.S. Pharma industry has developed and manufactured some of the most successful and innovative drugs globally. The industry is trading at a PE ratio of 26.0x which is lower than its 3-year average PE of 46.5x. , This turnover ratio helps determine the relationship between the funds used by the company and the revenue generated with it. Pharmaceutical companies are characterized by high capital expenditures on research and development (R&D) and a long period between initial research and finally getting a product to market. Industry title. As we see, the applicability of multiple financial ratios directly impacts a business valuation. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Investors use this ratio to monitor a companys usage of assets for revenue generation. The current ratio measures a company's capacity to pay its short-term liabilities due in one year. This means pharmaceutical companies will focus on global competencies with strategies tailored for local markets to stay competitive. Quick ratio 3. TEVA Current Ratio as of today (June 12, 2022) is 1.07. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 1. 10,000, Unlocking opportunities in Metal and Mining, Standard Medical Pharmaceuticals Stock Price, Key Financial Ratios of Standard Medical Pharmaceuticals, Book Value [ExclRevalReserve]/Share (Rs. It is used to measure how much additional expenses (Depreciation, Amortization, Interest, Taxes, etc.) In the kingdom, there are about 15-20 pharmaceutical manufacturers, which include local companies and subsidiaries of multinational pharmaceutical companies. Number of U.S. listed companies included in the calculation: 4190 (year 2021) Ratio: Current Ratio Measure of center: In simple terms, financial ratios are the relationship established between various statistical data provided in the companys financial documents such as the balance sheet, income statement, cash flow statements, etc. The annual growth rate has a CAGR of 1.8%. The Pharmaceutical Company has thus been increasing its net profit margin for the last three years, and therefore it is improving its efficiency in cost control. It is used to measure a companys operating performance and when annually calculated, reveals the managements ability to use significant assets of the company to generate revenue. The main aim is achieved through ratio analysis of two pharmaceutical (Beximco and Square pharmaceutical) companies in Bangladesh. Major Pharmaceutical Preparations Industry. Browse . Number of U.S. listed companies included in the calculation: 4190 (year 2021). Keywords: DuPont's 3-point, DuPont's 5-point, financial ratios 1. Browse . Similar to FAT, asset turnover ratio will also vary with industry. ideal current ratio for pharmaceutical industry. if(typeof(wpDataCharts)=='undefined'){wpDataCharts = {};}; wpDataCharts[527] = {render_data: {"options":{"title":{"text":"World Pharmaceutical Sales by Region 2010-2021","floating":false,"align":"center"},"series":[{"type":"","name":"World total","color":"","label":"World total","orig_header":"worldtotal","data":[780000,799000,810000,759000,826000,906000,916000,930000,972000,1059000,1101000,1186000],"yAxis":0},{"type":"","name":"United States","color":"","label":"United States","orig_header":"unitedstates","data":[315000,329000,326000,328000,369000,416000,437000,440000,467000,493000,515000,555000],"yAxis":0},{"type":"","name":"Emerging markets","color":"","label":"Emerging markets","orig_header":"emergingmarkets","data":[152000,151000,168000,160000,168000,183000,185000,198000,199000,207000,255000,285000],"yAxis":0},{"type":"","name":"Europe","color":"","label":"Europe","orig_header":"europe","data":[181000,204000,206000,177000,179000,197000,182000,177000,192000,207000,216000,228000],"yAxis":0},{"type":"","name":"Established ROW","color":"","label":"Established ROW","orig_header":"establishedrow","data":[131000,113000,110000,94000,110000,109000,113000,112000,113000,115000,115000,118000],"yAxis":0}],"xAxis":{"categories":[2010,2011,2012,2013,2014,2015,2016,2017,2018,2019,2020,2021],"title":{"text":"Region"},"crosshair":false},"yAxis":[{"gridLineDashStyle":"solid","title":{"text":"Sales in Million US$"},"crosshair":false},[],[],[],[]],"chart":{"backgroundColor":"","borderWidth":0,"borderColor":"","borderRadius":0,"zoomType":"none","panning":false,"panKey":"shift","plotBackgroundColor":"","plotBackgroundImage":"","plotBorderColor":"","plotBorderWidth":"","inverted":false},"subtitle":{"text":"","align":"center"},"tooltip":{"enabled":true,"backgroundColor":"rgba(255,255,255,0.85)","borderWidth":"1","borderColor":"","borderRadius":3,"shared":false,"valuePrefix":"","valueSuffix":""},"legend":{"enabled":true,"backgroundColor":"","title":{"text":""},"layout":"horizontal","align":"center","verticalAlign":"bottom","borderWidth":"0","borderColor":"","borderRadius":"0"},"exporting":{"enabled":false,"chartOptions":{"plotOptions":{"series":{"dataLabels":{"enabled":false}}}},"filename":"","width":"","buttons":{"contextButton":{"align":"right","verticalAlign":"top","symbolStroke":"#666","text":""}}},"credits":{"enabled":true,"href":"https:\/\/market.us\/","text":"\u00a9 Market.us 2022"}},"type":"highcharts_basic_column_chart","height":"400"}, engine: "highcharts", type: "highcharts_basic_column_chart", title: "World Pharmaceutical Sales by Region 2010-2021", container: "wpDataChart_527", follow_filtering: 0, wpdatatable_id: 620, group_chart: 0}. For the Year ended 2019: Current Assets = Cash and Cash Equivalents + Marketable Securities + Accounts Receivable. A basic comparison of your company figures with those of your competitors will provide a quick insight into your business performance. What is the Ideal Current Ratio? Financial Ratio It is calculated as the sum of current assets minus inventories, divided by current liabilities. For example, a quick ratio of 1.7 indicates that the company has $1.70 liquid assets available for every $1 of their current liabilities. Normally, the size of a firm is measured by applying the three approaches i.e.. The current ratio weighs up all of a company's current assets to its current. 3 Year Return: 16.4% 5 Year Return: 12.38% INVEST NOW Equity Funds PARTNERED BY UTI Mastershare Unit Scheme - Direct Plan (G) 3 Year Return: 14.8% 5 Year Return: 11.18% INVEST NOW Equity Funds. It includes chemical study and regulation. This is due to factors such as the aging population or the imminent expiration of patent medicines. North America is projected to grow at a CAGR between 4.2 and 4.2 percent over the same period. french open tsitsipas woolworths shareholder equity. This ratio is also frequently used in financial modeling as an important assumption for balance sheet forecast. public tax return data provided by the IRS, Top 100 Active Angel Investors List for Startups, Best 100 Active Venture Capitalist Firms for Startup Funding, Company has an efficient system of collection of accounts receivable, Company has a quality customer base who clear debts quickly, Company follows a conservative credit policy (10 20 days net), Companys collection system is inefficient, Company is extending credit to non-creditworthy customers, Suppliers are receiving prompt payments for their sales on credit, Suppliers are demanding quick payment terms, Company is striving to utilize early payment discounts, Suppliers receiving slow payments for their sales on credit, Company facing issues with cash, at risk of financial problems, Company has managed to strike favorable credit terms with the supplier, Money is flowing in and out allowing the company flexibility in expansion and inventory, Companys finances are stable, less dependence on additional funding, Company has a competitive edge over other businesses in the market, Management is efficiently using short-term assets and liabilities to support sales, Company investing heavily in accounts receivables and inventory to support sales. The ratio is calculated by dividing the current year's gross profit by the previous year's total R&D expenditures. )","Trulicity (Eli Lilly)"],"crosshair":false},"yAxis":[{"gridLineDashStyle":"solid","crosshair":false}],"chart":{"backgroundColor":"","borderWidth":0,"borderColor":"","borderRadius":0,"zoomType":"none","panning":false,"panKey":"shift","plotBackgroundColor":"","plotBackgroundImage":"","plotBorderColor":"","plotBorderWidth":"","inverted":false},"subtitle":{"text":"","align":"center"},"tooltip":{"enabled":true,"backgroundColor":"rgba(255, 255, 255, 0.85)","borderWidth":"1","borderColor":"","borderRadius":3,"shared":false,"valuePrefix":"","valueSuffix":""},"legend":{"enabled":true,"backgroundColor":"","title":{"text":""},"layout":"horizontal","align":"center","verticalAlign":"bottom","borderWidth":"0","borderColor":"","borderRadius":"0"},"exporting":{"enabled":false,"chartOptions":{"plotOptions":{"series":{"dataLabels":{"enabled":false}}}},"filename":"","width":"","buttons":{"contextButton":{"align":"right","verticalAlign":"top","symbolStroke":"#666","text":""}}},"credits":{"enabled":true,"href":"https:\/\/market.us\/","text":"\u00a9 Market.us 2022"}},"type":"highcharts_basic_bar_chart","height":"400"}, engine: "highcharts", type: "highcharts_basic_bar_chart", title: "Leading Pharmaceutical Products By Sales Worldwide in 2021 (in Million U.S. This score has to be compared with competitors and industry benchmarks to make good sense of it. Within Healthcare sector 4 other industries have achieved higher Working Capital Ratio. However, if the fall in the current ratio below 1.00 is temporary due to the allocation of short-term cash resources for expansion of capacity or scaling up of business, there is nothing to worry about. Major Pharmaceutical Preparations Industry Efficiency, Revenue per Employee, Inventory and Receivable Turnover Ratios Q4 2022 At a Glance Growth Rates Profitability Valuation Financial Strength Efficiency Mgmt. This helps management spot problematic areas in the very early stages. Current ratio, and 3. The company also acquired Allergan's Anda Inc. Teva acquired Auspex Pharmaceuticals and Barr. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Understanding Key Financial Ratios and Pharmaceutical Stocks, Price-to-Book (PB) Ratio: Meaning, Formula, and Example, Fixed Asset Turnover Ratio Explained With Examples, Understanding Liquidity Ratios: Types and Their Importance. If inventory levels are well managed by the company, it indicates that sales are as estimated and costs are controlled. A higher FAT ratio indicates that the management has efficiently used its fixed assets to generate revenue for the company while a lower FAT ratio points at the opposite. Once a pharmaceutical company manages to bring a product to market, a key element is howthe company can manufacture and sell the product. . ), Book Value [InclRevalReserve]/Share (Rs. Calculation: Current Assets / Current Liabilities. Quick Ratio This ratio is sometimes known as Acid Test or Liquidity Ratio.lt is 1 Return on Research Capital Ratio. Dollars)", container: "wpDataChart_528", follow_filtering: 0, wpdatatable_id: 621, group_chart: 0}. transverse baby 28 weeks uncomfortable. Dollars of revenue. Quick ratio or acid test 22 4.1.3. The current ratio indicates a company's ability to meet short-term debt obligations. The Current P/S Ratio of SUN PHARMACEUTICAL INDUSTRIES is 5.47. The Current P/B Ratio of SUN PHARMACEUTICAL INDUSTRIES is 4.82. Key ratios are the main mathematical ratios that illustrate and summarize the current financial condition of a company. A company with such a low interest coverage ratio might not be in a position to pay their debt very soon. A value of 1 indicates a normal quick ratio. The current CPI index for 2011 uses expenditure data collected for the 2-year period from 20072008. Coronavirus (COVID-19) vaccines and treatments, Get the best reports to understand your industry, Coronavirus: the pharma and medtech response. Current ratio = current assets/current liabilities Where according to the company's balance sheets: Current assets: cash, accounts receivable, inventory, and other assets that the company plans to liquidate or convert to cash within the next one year. The use of artificial intelligence (AI) is accelerating the drug discovery and development processes. . Do you want to find out the Price to Sales (PS) ratio history of SUN PHARMACEUTICAL INDUSTRIES and compare it with industry peers of SUN PHARMACEUTICAL INDUSTRIES . "Trailing and forward price to earnings ratio (PE ratio) in the health & pharmaceuticals sector in Western Europe 2022, by industry." Out stock . The accounts receivables turnover ratio helps determine such lapses and directs the company towards a healthy accounting system with respect to its customers. The current ratio is an essential financial matric that helps to understand the liquidity structure of the business. The rate at which a company replaces inventory through sales in a given period of time is indicated by the inventory turnover ratio. Dollars in revenue, was the top-performing pharmaceutical product in 2021. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Teva operates through three segments, North America, Europe and International Markets, each of which includes generics, specialty and over-the-counter products. Higher the asset turnover ratio, better the companys performance as it indicates that the company is generating substantial revenue based on its assets. Absolute Liquidity ratio Current ratio: Current ratio is relationship between current assets and current liabilities. This ratio too does not have a range and needs to be compared with the companys previous ratios and those of similar businesses in the industry. The company develops and manufactures medicines and vaccines in a variety of medical fields, including oncology, neurology, cardiology, endocrinology, and immunology. This ratio provides an insight between the companys resources and income. What Are the Average Research and Development Costs for Pharmaceutical Companies? Saudi Arabia has the largest manufacturing industry in the Gulf. It seems we cant find what youre looking for. Once a pharmaceutical company manages to bring a product to market, a key element is how the company can manufacture and sell the product. Hold Indoco Remedies; target of Rs 250: ICICI Direct. A higher than industry average current ratio indicates that the company has a considerable size of short-term assets value in comparison to their short-term liabilities. We also use third-party cookies that help us analyze and understand how you use this website. Home > PE Ratio > SUN PHARMACEUTICAL INDUSTRIES . ROA. , The working capital turnover indicates how well a company is using its working capital to support sales. This statistic lists the global pharmaceutical sales between 2010 and 2021. David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. A lower ratio may show that the company is less burdened with debt or incurs more cash expenses in its daily operations. Generate on-demand reports for any company for any given period. % Off. Company Valuation On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Quick Ratio detoriated to 0.77 in the 4 Q 2022 below Major Pharmaceutical Preparations Industry average. Explore now . Staying up-to-date with the latest information. Although a higher ROE figure is generally a better ROE figure, investors should exercise caution when a very high ROE is a result of extremely high financial leverage. By clicking Accept All, you consent to the use of ALL the cookies. Art. More about current ratio. examples of encumbrances in real estate; nike balance sheet 2021 pdf. Return on research capital (RORC) is a measure to assess the revenue a company brings in as a result of expenditures made on R&D activities. These cookies will be stored in your browser only with your consent. The worlds regions with the highest compound annual growth rates are Latin America and India Subcontinent, which will be the case until 2025. Successfully managing debt obligations is a major factor in the long-term viability and profitability of any pharmaceutical company. Industry benchmarks are either derived from these company-driven multiples or from credible industry benchmark databases. Cipla has showed highest current ratio in 2012. Eli Lilly and Company is well known for its clinical depression drugs Prozac (1986), and Cymbalta (2004) as well as antipsychotic medication Zyprexa (1996). Cleveland Browns Scouting Jobs, For the Year ended 2019: Current Assets = Cash and Cash Equivalents + Marketable Securities + Accounts Receivable. by Sarath We are happy to help you with everything and also. These cookies track visitors across websites and collect information to provide customized ads. However, there is no reference score or range for FAT ratio. Whereas the opposite indicates risk and default in the company. The pharmaceutical industrys characteristics vary from one region to the next. Posted on Thursday, July 7th, 2022 at 7:06 am and is filed under . In general, a good current ratio is anything over 1, with 1.5 to 2 being the ideal. Its especially helpful for the businesses lenders that assessability of the business to repay their dues. All of these terms can be found under the current assets and current liabilities section in the balance sheet. Explore now . Interpretation: In this all companies havent maintained the ideal current ratio, while the highest ratio is 3.89 of Lupin in the year 2015 while the 3.45 in the 2014. Return On Tangible Equity. Calculation: Current Assets / Current Liabilities.