Armco Metals (CNAM)

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0.3227 -0.03  -7.80%   AMEX May 23, 8:00PM BATS Real time Currency in USD

Armco Metals Current Ratio:

1.008 for Dec. 31, 2012
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Armco Metals Current Ratio Chart

    Armco Metals Historical Current Ratio Data

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    Data for this Date Range  
    Dec. 31, 2012 1.008
    Sept. 30, 2012 0.9567
    June 30, 2012 0.9256
    March 31, 2012 0.9822
    Dec. 31, 2011 1.033
    Sept. 30, 2011 1.173
    June 30, 2011 1.310
    March 31, 2011 1.182
    Dec. 31, 2010 1.259
    Sept. 30, 2010 1.270
    June 30, 2010 2.364
    March 31, 2010 1.448
       
    Dec. 31, 2009 1.164
    Sept. 30, 2009 1.224
    June 30, 2009 1.315
    March 31, 2009 1.661
    Dec. 31, 2008 1.791
    Sept. 30, 2008 1.802
    June 30, 2008 1.513
    March 31, 2008 Go Pro
    Dec. 31, 2007 Go Pro
    Sept. 30, 2007 Go Pro
    June 30, 2007 Go Pro

    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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    CNAM Current Ratio Benchmarks

    Companies
    Applied Industrial Technologies 2.919
    Edgen Group 2.597
    Wesco Aircraft 6.779

    CNAM Current Ratio Rankings

    Overall 51st percentile
    3862 of 8006
    Sector 30th percentile
    622 of 895 in Industrials
    Industry 14th percentile
    23 of 27 in Industrial Distribution

    CNAM Current Ratio Range, Past 5 Years

    Minimum 0.9256 Jun 2012
    Maximum 2.364 Jun 2010
    Average 1.336