ReneSola (SOL)

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2.16 -0.18  -7.69%   NYSE May 24, 8:00PM BATS Real time Currency in USD

ReneSola Current Ratio:

0.6059 for Dec. 31, 2012
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ReneSola Current Ratio Chart

    ReneSola Historical Current Ratio Data

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    Data for this Date Range  
    Dec. 31, 2012 0.6059
    Sept. 30, 2012 0.684
    June 30, 2012 0.7518
    March 31, 2012 0.7933
    Dec. 31, 2011 0.8419
    Sept. 30, 2011 1.005
    June 30, 2011 1.113
    March 31, 2011 1.088
    Dec. 31, 2010 0.8969
    Sept. 30, 2010 0.9328
    June 30, 2010 0.8787
    March 31, 2010 0.7673
       
    Sept. 30, 2009 0.9272
    June 30, 2009 0.9819
    March 31, 2009 1.226
    Dec. 31, 2008 1.321
    Sept. 30, 2008 1.619
    June 30, 2008 2.345
    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

    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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    SOL Current Ratio Benchmarks

    Companies
    Canadian Solar 0.9363
    JA Solar Holdings Co., ADR 1.214
    LDK Solar Company 0.3762

    SOL Current Ratio Rankings

    Overall 41st percentile
    4479 of 7600
    Sector 9th percentile
    816 of 903 in Technology
    Industry 35th percentile
    13 of 20 in Solar

    SOL Current Ratio Range, Past 5 Years

    Minimum 0.6059 Dec 2012
    Maximum 2.345 Jun 2008
    Average 1.043