PGR Current Ratio Analysis

The current ratio, a measure of a company's ability to cover short-term obligations with its short-term assets, stands at 0.25x for Progressive.

This means the company has only $0.25 in current assets for every $1 of current liabilities, indicating a very low liquidity buffer. Within the Financial Services sector, the median current ratio is 0.79x, placing Progressive at the 15th percentile among its peers—well below most competitors. The year-over-year and quarter-over-quarter changes, as well as the trend over the last eight quarters, are all not available, so no directional information can be drawn. The extremely low level alone implies elevated liquidity risk, but the absence of trend data leaves uncertainty about whether the condition is stable or worsening. This metric contradicts the overall NEUTRAL verdict, as a current ratio this far below the sector median signals a potential short-term solvency concern that would typically warrant a more cautious view.

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