Reed Elsevier (ENL)
Add to Watchlists Create an AlertReed Elsevier Current Ratio:
0.0862 for Dec. 31, 2012Reed Elsevier Historical Current Ratio Data
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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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ENL Current Ratio Benchmarks
| Companies | |
|---|---|
| Reed Elsevier | 0.571 |
| Scholastic Corporation | 1.858 |
| Mills Music Tr Ubi |
ENL Current Ratio Rankings
| Overall |
39th percentile 4833 of 8009 |
| Sector |
11th percentile 639 of 725 in Consumer Cyclical |
| Industry |
13th percentile 26 of 30 in Publishing |
ENL Current Ratio Range, Past 5 Years
| Minimum | 0.0635 | Jun 2008 |
| Maximum | 0.2105 | Dec 2008 |
| Average | 0.0990 |