Galenfeha Current Ratio Growth & History (NGHI)

Galenfeha's current ratio was 0.45 for fiscal 2017.

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Galenfeha annual current ratio history

Galenfeha annual current ratio

Fiscal yearPeriod endedCurrent ratioChangeGrowth
20172017-12-310.45−0.53−54.12%
20162016-12-310.98−0.68−41.04%
20152015-12-311.66−0.02−0.90%
20142014-12-311.68−14.19−89.44%
20132013-12-3115.86

Galenfeha current ratio trends

Between the periods ended 2013-12-31 and 2017-12-31, Galenfeha's current ratio decreased from 15.86 to 0.45, a change of −15.41. The latest reported quarter, Q4 2017, shows 0.45.

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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