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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Independence Holdings's current ratio for the quarter that ended in Sep. 2022 was 13.67.
Independence Holdings has a current ratio of 13.67. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Independence Holdings's Current Ratio or its related term are showing as below:
ACQRW'
s Current Ratio Range Over the Past 10 Years
Min: 8.85 Med: 15.24 Max: 22.59
Current: 13.67
During the past 2 years, Independence Holdings's highest Current Ratio was 22.59. The lowest was 8.85. And the median was 15.24.
ACQRW's Current Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.65
vs ACQRW: 13.67
Independence Holdings (NAS:ACQRW) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Independence Holdings Current Ratio Related Terms
Independence Holdings Current Ratio Historical Data
* Premium members only.
The historical data trend for Independence Holdings's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Shell Companies subindustry, Independence Holdings's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Independence Holdings Current Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Independence Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Independence Holdings's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Independence Holdings (ACQRW) has a Current Ratio of 13.67 as of Sep. 2022. This is 10% below median its historical median of 15.24. Over the past decade, Independence Holdings' Current Ratio has ranged from 8.85 to 22.59.
Is Independence Holdings' Current Ratio too high?
Independence Holdings' current Current Ratio of 13.67 is 10% below median its 10-year median of 15.24. Over the past 10 years, this metric has ranged from a low of 8.85 to a high of 22.59. The Diversified Financial Services industry median Current Ratio is 2.65. Independence Holdings' value of 13.67 is 415.8% above this industry median. Overall, Independence Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Independence Holdings' Current Ratio compare to MIT and LCA?
Independence Holdings' Current Ratio of 13.67 can be compared against companies in the Diversified Financial Services industry. The industry median Current Ratio is 2.65. Independence Holdings' value of 13.67 is 415.8% above this benchmark. Historically, Independence Holdings' own Current Ratio has ranged from 8.85 to 22.59 over the past decade. While the company's 10-year median is 15.24 vs. the industry median of 2.65, Independence Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Diversified Financial Services company?
The median Current Ratio among Diversified Financial Services companies is 2.65, based on 465 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independence Holdings's current Current Ratio of 13.67 is 415.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Diversified Financial Services industry, the median Current Ratio is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independence Holdings's current Current Ratio is 13.67, which is 10% below median its own 10-year median of 15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Holdings stock overvalued right now?
Independence Holdings (ACQRW) has a current Current Ratio of 13.67. The current Current Ratio is 13.67, which is 10% below median its 10-year median of 15.24 and 415.8% above the Diversified Financial Services industry median of 2.65. Independence Holdings' overall GF Score™ is 24/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Independence Holdings (ACQRW), the current Current Ratio is 13.67 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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