ONON Current Ratio Analysis
Higher than 92% of Consumer Cyclical sector peers
Updated 84h ago·SEC filings & market data
Key Takeaway
ONON’s current ratio of 2.98x means the company has $2.98 in current assets (like cash and receivables) for every $1 of current liabilities due within a year, indicating strong short-term liquidity.
Sector Performance
92th percentileONON
2.98x
Sector Median
1.44x
Sector Avg
2.72x
Deep Analysis
ONON’s current ratio of 2.98x means the company has $2.98 in current assets (like cash and receivables) for every $1 of current liabilities due within a year, indicating strong short-term liquidity.
That ratio sits well above the sector median of 1.44x and places ONON in the 92nd percentile among Consumer Cyclical peers, showing it holds more liquid assets relative to obligations than most competitors. Trend data is not available—the year-over-year change and quarter-over-quarter change are both listed as N/A, and no historical figures beyond the current value have been provided. The combination of a high current ratio with no trend information suggests that while the current liquidity position is strong, there is no historical context to assess whether it is improving, declining, or stable. This metric supports the overall CAUTIOUS verdict, as a very high current ratio can sometimes indicate inefficient use of assets or excess cash that could otherwise be deployed for growth, adding caution rather than outright confidence.
Frequently Asked Questions
What does the Current Ratio tell investors about ONON?
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 ONON's Current Ratio compare to its sector?
ONON's Current Ratio of 2.98x compares to a Consumer Cyclical sector median of 1.44x, placing it in the 92th percentile.
Who are ONON's closest peers by Current Ratio?
The closest Consumer Cyclical peers by Current Ratio include: MELI (1.16x), CHPT (1.15x), XPEV (1.14x), RH (1.13x), BBY (1.12x).
Learn More About Current Ratio
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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2.98x
Sector Median
1.44x
Sector Avg
2.72x
How ONON's Current Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.