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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.
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).
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In accordance with recently published financial statements DarioHealth Corp has Current Ratio of 2.58 times. This is 11.34% lower than that of the Healthcare sector, and significantly higher than that of Medical Equipment industry, The Current Ratio for all stocks is 21.82% higher than the company.
DarioHealth Corp Fundamental Drivers Relationships
DarioHealth Corp is rated # 3 in current valuation category among related companies. It is rated # 3 in operating margin category among related companies .