Current Ratio
Updated 224h ago
Sector Performance
85th percentileHWM
2.44x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio of 2.44x means HWM has $2.44 in current assets for every $1 of current liabilities, indicating it can comfortably cover short-term obligations.
This sits well above the sector median of 1.21x, placing HWM in the 84th percentile among its peers. Historical data is limited to a single value, with year-over-year change marked as N/A and quarter-over-quarter change as N/A, so no trend direction can be assessed. The strong liquidity level alone suggests low near-term default risk, but the absence of trend data leaves uncertainty about whether this position is improving or eroding. This metric supports the overall NEUTRAL verdict because the high ratio reduces downside risk, yet the lack of trend visibility prevents a more bullish or bearish stance.
Frequently Asked Questions
What does the Current Ratio tell investors about HWM?
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 HWM'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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2.44x
Sector Median
1.20x
Sector Avg
2.57x
How HWM's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.