Cleco Corporation Current Ratio:
1.685 for March 31, 2013Cleco Corporation Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| March 31, 2013 | 1.685 |
| Dec. 31, 2012 | 1.518 |
| Sept. 30, 2012 | 1.483 |
| June 30, 2012 | 1.224 |
| March 31, 2012 | 1.591 |
| Dec. 31, 2011 | 1.423 |
| Sept. 30, 2011 | 1.511 |
| June 30, 2011 | 1.491 |
| March 31, 2011 | 1.001 |
| Dec. 31, 2010 | 1.275 |
| Sept. 30, 2010 | 0.9397 |
| June 30, 2010 | 0.9426 |
| March 31, 2010 | 0.9767 |
| Dec. 31, 2009 | 2.043 |
| Sept. 30, 2009 | 1.521 |
| June 30, 2009 | 1.601 |
| March 31, 2009 | 1.425 |
| Dec. 31, 2008 | 1.292 |
| Sept. 30, 2008 | 1.120 |
| June 30, 2008 | 1.192 |
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| Dec. 31, 2000 | 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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CNL Current Ratio Benchmarks
| Companies | |
|---|---|
| Great Plains Energy | 0.4993 |
| UNS Energy | 1.131 |
| DTE Energy | 1.118 |
CNL Current Ratio Rankings
| Overall |
65th percentile 2801 of 8005 |
| Sector |
85th percentile 19 of 130 in Utilities |
| Industry |
93rd percentile 3 of 48 in Utilities - Regulated Electric |
CNL Current Ratio Range, Past 5 Years
| Minimum | 0.9397 | Sep 2010 |
| Maximum | 2.043 | Dec 2009 |
| Average | 1.363 |
