Current Ratio (Historical)
Returns historical current ratio for a company. This liquidity ratio measures a company's ability to pay short-term obligations due within one year. It is calculated as Current Assets divided by Current Liabilities.
Formula
Current Ratio = Current Assets / Current LiabilitiesSupported Symbols
| Type | Format | Example |
|---|---|---|
| US Stocks | SYMBOL | AAPL, MSFT |
| ETFs | SYMBOL | SPY, QQQ |
| International | SYMBOL | SHOP, TSM |
Parameters
| Parameter | Description |
|---|---|
| Symbol | Stock ticker symbol |
| Year | Fiscal year (2020, 2021) or period code (lq, ly, lt) |
| Quarter | Optional: 1, 2, 3, or 4 for quarterly data |
| TTM | Optional: Set to "TTM" for trailing twelve months |
Interpretation
| Value | Interpretation |
|---|---|
| > 2.0 | Strong liquidity position |
| 1.5 - 2.0 | Healthy liquidity |
| 1.0 - 1.5 | Adequate but watch closely |
| < 1.0 | May have difficulty paying short-term obligations |
Notes
- A ratio above 1 means current assets exceed current liabilities
- Industry norms vary significantly
- Too high a ratio may indicate inefficient use of assets
Examples
=hf_Current_Ratio("AAPL", 2023)=hf_Current_Ratio("MSFT", 2023, 2)=hf_Current_Ratio("GOOGL", "ly")=hf_Current_Ratio("JNJ", 2023, , "TTM")=hf_Current_Ratio(A1, B1, C1)When to Use
- Analyzing liquidity trends over time
- Credit analysis and risk assessment
- Comparing liquidity across periods
- Financial health monitoring
- Detecting deteriorating working capital
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need current period only | current_ratio() |
| Need quick ratio | quick_ratio() |
| Need current assets | hf_Total_Current_Assets() |
| Need current liabilities | hf_Total_Current_Liabilities() |
Common Issues & FAQ
Q: Why is Apple's current ratio below 1? A: Large, financially strong companies like Apple can operate with lower current ratios due to strong cash flow generation and access to credit.
Q: What's a good current ratio? A: Generally 1.5-2.0, but it varies by industry. Retail often has lower ratios; utilities tend to have higher.
Q: Why am I getting "NA"? A: Check that the symbol is valid and the company has reported current assets and liabilities.
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