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Current Ratio AnalysisCurrent Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Distress Driver Correlations
About Current RatioTypically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e. Current Ration of 2 to 1).
|Compare to competition|
In accordance with recently published financial statements The Blackstone Group L P has Current Ratio of 1.35 times. This is 40.79% lower than that of the Services sector, and significantly higher than that of Financial Services industry, The Current Ratio for all stocks is 59.09% higher than the company.
The Blackstone Group Fundamental Drivers Relationships
The Blackstone Group L P is rated fifth in earnings per share category among related companies. It is rated fourth in short ratio category among related companies fabricating about 1.44 of Short Ratio per Earnings Per Share.