Ossen Innovation Current Ratio:
1.752 for Dec. 31, 2012Ossen Innovation Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| Dec. 31, 2012 | 1.752 |
| Sept. 30, 2012 | 1.803 |
| June 30, 2012 | 1.817 |
| March 31, 2012 | 1.950 |
| Dec. 31, 2011 | 1.950 |
| Sept. 30, 2011 | 1.805 |
| June 30, 2011 | 1.745 |
| March 31, 2011 | |
| Dec. 31, 2010 | 1.713 |
| Sept. 30, 2010 | |
| June 30, 2010 | 1.153 |
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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OSN Current Ratio Benchmarks
| Companies | |
|---|---|
| Friedman Industries | 9.235 |
| ArcelorMittal | 1.335 |
| Handy & Harman | 2.394 |
OSN Current Ratio Rankings
| Overall |
69th percentile 2476 of 8007 |
| Sector |
48th percentile 256 of 495 in Basic Materials |
| Industry |
40th percentile 18 of 30 in Steel |
OSN Current Ratio Range, Past 5 Years
| Minimum | 1.153 | Jun 2010 |
| Maximum | 1.950 | Mar 2012 |
| Average | 1.743 |
