Rite Aid Corporation (RAD)
Create an AlertRite Aid Corporation Current Ratio:
1.710 for Feb. 28, 2013Rite Aid Corporation Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| Feb. 28, 2013 | 1.710 |
| Nov. 30, 2012 | 1.573 |
| Aug. 31, 2012 | 1.616 |
| May 31, 2012 | 1.742 |
| Feb. 29, 2012 | 1.752 |
| Nov. 30, 2011 | 1.822 |
| Aug. 31, 2011 | 1.828 |
| May 31, 2011 | 1.826 |
| Feb. 28, 2011 | 1.823 |
| Nov. 30, 2010 | 1.860 |
| Aug. 31, 2010 | 1.850 |
| May 31, 2010 | 1.964 |
| Feb. 28, 2010 | 2.072 |
| Nov. 30, 2009 | 1.983 |
| Aug. 31, 2009 | 1.833 |
| May 31, 2009 | 1.749 |
| Feb. 28, 2009 | 1.896 |
| Nov. 30, 2008 | 1.947 |
| Aug. 31, 2008 | 1.897 |
| May 31, 2008 | Go Pro |
| Feb. 29, 2008 | Go Pro |
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| Nov. 30, 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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RAD Current Ratio Benchmarks
| Companies | |
|---|---|
| CVS Caremark | 1.495 |
| Walgreen Company | 1.378 |
| GNC Acquisition | 3.046 |
RAD Current Ratio Rankings
| Overall |
73rd percentile 4434 of 16770 |
| Sector |
72nd percentile 206 of 760 in Consumer Defensive |
| Industry |
71st percentile 9 of 32 in Pharmaceutical Retailers |
RAD Current Ratio Range, Past 5 Years
| Minimum | 1.573 | Nov 2012 |
| Maximum | 2.072 | Feb 2010 |
| Average | 1.829 |
