Current Ratio
Understanding the Current Ratio: A Key Indicator of Financial Health
The Current Ratio is a financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets. It indicates the liquidity and financial health of a company by comparing current assets to current liabilities. A higher ratio suggests that the company is more capable of covering its short-term debts.
Current Ratio = Current Assets / Current Liabilities
Suppose Company ABC has the following financial details:
Current Assets: $200,000
Current Liabilities: $100,000
To calculate the Current Ratio:
Divide current assets by current liabilities: $200,000/$100,000=2.0
A Current Ratio of 2.0 means that Company ABC has $2 in current assets for every $1 of its current liabilities. This indicates a strong liquidity position, suggesting that the company can comfortably cover its short-term debts.
Liquidity Ratio