Bank of America (BAC)

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15.59 -0.03  -0.19% NYSE Jul 25, 8:00PM BATS Real time Currency in USD

Bank of America Current Ratio (Quarterly):

1.153 for June 30, 2014

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Bank of America Current Ratio (Quarterly) Chart

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Bank of America Historical Current Ratio (Quarterly) Data

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Export Data Date Range:
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Data for this Date Range  
June 30, 2014 1.153
March 31, 2014 4.446
Dec. 31, 2013 4.398
Sept. 30, 2013 4.801
June 30, 2013 3.858
March 31, 2013 4.382
Dec. 31, 2012 6.538
Sept. 30, 2012 5.347
June 30, 2012 5.575
March 31, 2012 5.175
Dec. 31, 2011 5.970
Sept. 30, 2011 5.083
June 30, 2011 4.070
March 31, 2011 3.341
Dec. 31, 2010 3.238
Sept. 30, 2010 3.235
June 30, 2010 3.238
March 31, 2010 2.675
Dec. 31, 2009 2.925
Sept. 30, 2009 2.447
June 30, 2009 1.459
March 31, 2009 1.062
Dec. 31, 2008 0.2079
Sept. 30, 2008 0.2698
June 30, 2008 0.2201
   
March 31, 2008 0.2584
Dec. 31, 2007 0.2226
Sept. 30, 2007 0.1738
June 30, 2007 0.2225
March 31, 2007 0.1862
Dec. 31, 2006 0.2578
Sept. 30, 2006 0.2313
June 30, 2006 0.2524
March 31, 2006 0.44
Dec. 31, 2005 0.3182
Sept. 30, 2005 0.3044
June 30, 2005 0.3619
March 31, 2005 0.4272
Dec. 31, 2004 0.3682
Sept. 30, 2004 0.4095
June 30, 2004 0.4574
March 31, 2004 0.4775
Dec. 31, 2003 0.6376
Sept. 30, 2003 0.5305
June 30, 2003 0.5787
March 31, 2003 1.029
Dec. 31, 2002 0.9897
Sept. 30, 2002 0.7109
June 30, 2002 0.6463
March 31, 2002 1.341

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About Current Ratio

The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.

A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.

Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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BAC Current Ratio (Quarterly) Benchmarks

Companies
JPMorgan Chase 1.649
Wells Fargo 0.1577
Citigroup 1.895

BAC Current Ratio (Quarterly) Range, Past 5 Years

Minimum 1.153 Jun 2014
Maximum 6.538 Dec 2012
Average 4.095

BAC Current Ratio (Quarterly) Excel Add-In Codes

  • Metric Code: current_ratio
  • Latest data point: =YCP("BAC", "current_ratio")
  • Last 5 data points: =YCS("BAC", "current_ratio", -4)

To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.

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