FreeSeas (FREE)

0.824 +0.04  +5.64%  May 17, 8:00PM
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FreeSeas Current Ratio:

0.3339 for Dec. 31, 2012
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FreeSeas Current Ratio Chart

    FreeSeas Historical Current Ratio Data

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    Data for this Date Range  
    Dec. 31, 2012 0.3339
    June 30, 2011 0.8551
    March 31, 2011 0.9011
    Dec. 31, 2010 0.9286
    Sept. 30, 2010 0.9084
    June 30, 2010 0.9123
    March 31, 2010 0.8395
    Dec. 31, 2009 0.7503
    Sept. 30, 2009 0.6052
    June 30, 2009 0.4099
    March 31, 2009 0.5438
    Dec. 31, 2008 0.5355
    Sept. 30, 2008 0.3352
       
    June 30, 2008 1.124
    March 31, 2008 Go Pro
    Dec. 31, 2007 Go Pro
    Sept. 30, 2007 Go Pro
    June 30, 2007 Go Pro
    March 31, 2007 Go Pro
    Dec. 31, 2006 Go Pro
    Sept. 30, 2006 Go Pro
    June 30, 2006 Go Pro
    March 31, 2006 Go Pro
    Dec. 31, 2005 Go Pro
    Sept. 30, 2005 Go Pro
    June 30, 2005 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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    FREE Current Ratio Benchmarks

    Companies
    Eagle Bulk Shipping 1.289
    TOP Ships 0.1381
    DryShips 0.5742

    FREE Current Ratio Rankings

    Overall 46th percentile
    4305 of 8007
    Sector 21st percentile
    704 of 892 in Industrials
    Industry 17th percentile
    39 of 47 in Shipping & Ports

    FREE Current Ratio Range, Past 5 Years

    Minimum 0.3339 Dec 2012
    Maximum 1.124 Jun 2008
    Average 0.7131