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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 500 com Limited has Current Ratio of 9.21 times. This is much higher than that of the sector, and significantly higher than that of Entertainment industry, The Current Ratio for all stocks is over 1000% lower than the firm.
500 com Limited Fundamental Drivers Relationships
500 com Limited is rated fourth in shares owned by insiders category among related companies. It is rated below average in cash and equivalents category among related companies creating about 4,420,372 of Cash and Equivalents per Shares Owned by Insiders.