As of June 12, 2025, 8Common Ltd (8CO.AX) reports a Current Ratio of 0.35.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of 8Common Ltd's Current Ratio
Over recent years, 8Common Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-06-30 | 0.35 |
| 2023-06-30 | 1.08 |
| 2022-06-30 | 2.09 |
| 2021-06-30 | 1.99 |
| 2020-06-30 | 2.09 |
This slight downward trend highlights how 8Common Ltd manages its short-term assets and liabilities over time.
Comparing 8Common Ltd's Current Ratio to Peers
To better understand 8Common Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| 8Common Ltd (8CO.AX) | 0.35 |
| Connexion Mobility Ltd (CXZ.AX) | 4.56 |
| Houston We Have Ltd (HWH.AX) | 3.91 |
| Wooboard Technologies Ltd (WOO.AX) | 3.87 |
| Odessa Minerals Ltd (FGO.AX) | 3.74 |
| Cape Range Ltd (CAG.AX) | 3.40 |
Compared to its competitors, 8Common Ltd's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.