Center Bancorp (CNBC)
Center Bancorp Current Ratio: 0.7429
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CNBC Current Ratio Rankings
| Overall | 11th percentile | 3862 of 4373 |
| Sector | 34th percentile | 567 of 864 in Financial |
| Industry | 35th percentile | 43 of 67 in Regional - Northeast Banks |
CNBC Current Ratio Range, Past 5 Years
| Minimum | 0.7429 | Mar 2012 |
| Maximum | 0.9589 | Jun 2010 |
| Average | 0.8596 |
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. Current assets are cash and any assets expected to be converted into cash within the next year. The ratio illustrates a company's ability to remain solvent.
A current ratio of 1 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 that it has twice as many current assets 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.
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