Current Ratio
Updated 440h ago
Sector Performance
16th percentileESS
0.74x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio of 0.74x means the company has $0.74 in short-term assets for every $1.00 of short-term liabilities, indicating a liquidity strain since coverage is below 1.0.
This ratio sits well below the sector median of 1.21x and places the company in the 15th percentile among its peers, showing it is less liquid than most competitors. The year-over-year change is not available, but the quarter-over-quarter increase of +64.4% (from 0.45x to 0.74x) shows an improvement in liquidity over the most recent quarter. The combination of a low current ratio with a sharp upward trend suggests reduced immediate risk of a cash shortfall compared to earlier periods, though the company remains below the safety threshold. This metric partially supports the overall NEUTRAL verdict because the low level is a concern, but the improving trend prevents a bearish tilt.
Frequently Asked Questions
What does the Current Ratio tell investors about ESS?
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.
Who are ESS's closest peers by Current Ratio?
The closest peers by Current Ratio include: SPG (0.41x), CHTR (0.40x), USB (0.40x), GEN (0.40x), DRI (0.39x).
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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0.74x
Sector Median
1.20x
Sector Avg
2.57x
How ESS's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.