Financial Gravity Companies Current Ratio Growth & History (FGCO)

Financial Gravity Companies's current ratio was 0.28 for fiscal 2022.

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Financial Gravity Companies annual current ratio history

Financial Gravity Companies annual current ratio

Fiscal yearPeriod endedCurrent ratioChangeGrowth
20222022-09-300.28−0.25−47.07%
20212021-09-300.54−0.12−18.88%
20202020-09-300.660.26+66.87%
20192019-09-300.400.28+242.72%
20182018-09-300.12−1.32−91.93%
20172017-09-301.430.77+116.53%
20162016-09-300.66
20142014-09-300.00−0.00−61.16%
20132013-09-300.00−0.01−79.52%
20122012-09-300.02−0.02−56.46%
20112011-09-300.04−0.02−40.52%
20102010-09-300.06

Financial Gravity Companies current ratio trends

Over the last five fiscal years, Financial Gravity Companies's current ratio decreased from 1.43 to 0.28, a change of −1.15. The latest reported quarter, Q3 2022, shows 0.29.

About the metric

What the current ratio means

The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.

Calculation and source

How the current ratio is calculated

TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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