Current Ratio
Higher than 36% of Technology sector peers
Updated 1078h ago
Sector Performance
36th percentileDOCN
1.46x
Sector Median
1.82x
Sector Avg
10.49x
Deep Analysis
DigitalOcean's current ratio of 1.46x means it has $1.46 in short-term assets for every $1 of short-term liabilities, measuring its ability to cover debts due within a year.
This value sits below the Technology sector median of 1.95x and places the company in the 32nd percentile among its peers, indicating lower liquidity relative to the typical sector company. The metric shows no trend data: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and historical values are limited to a single data point. Without a trend, investors cannot assess whether liquidity is improving or deteriorating, so the risk profile depends solely on the current, below-median level. The combination of a current ratio below the sector median and the absence of trend information suggests a modest liquidity risk that is neither alarming nor reassuring. This metric supports the overall NEUTRAL verdict because the below-median value is balanced by no adverse trend, contributing to an unremarkable risk assessment.
Frequently Asked Questions
What does the Current Ratio tell investors about DOCN?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
How does DOCN's Current Ratio compare to its sector?
DOCN's Current Ratio of 1.46x compares to a Technology sector median of 1.82x, placing it in the 36th percentile.
Who are DOCN's closest peers by Current Ratio?
The closest Technology peers by Current Ratio include: SAP (1.07x), UBER (1.07x), AAPL (1.07x), PTC (1.06x), WEX (1.05x).
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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1.46x
Sector Median
1.82x
Sector Avg
10.49x
How DOCN's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.