Passat annual current ratio
2020
2021
2022
2023
2024
Passat Current Ratio Growth & History (PSAT)
Passat's current ratio was 3.33 for fiscal 2024.
View full Passat company overviewPassat annual current ratio history
| Fiscal year | Period ended | Current ratio | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | 3.33 | −0.43 | −11.33% |
| 2023 | 2023-12-31 | 3.75 | 0.14 | +3.97% |
| 2022 | 2022-12-31 | 3.61 | −0.02 | −0.65% |
| 2021 | 2021-12-31 | 3.63 | −1.65 | −31.21% |
| 2020 | 2020-12-31 | 5.28 | — | — |
Passat current ratio trends
Between the periods ended 2020-12-31 and 2024-12-31, Passat's current ratio decreased from 5.28 to 3.33, a change of −1.95.
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 reported current assets divided by 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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