As of June 18, 2025, Ascendia Brands Inc (ASCBQ) reports a Current Ratio of 2.21.
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 Ascendia Brands Inc's Current Ratio
Over recent years, Ascendia Brands Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2007-02-28 | 2.21 |
| 2006-02-28 | 2.07 |
| 2005-02-28 | 0.78 |
| 2004-06-30 | 5.91 |
| 2003-06-30 | 1.78 |
This steady improvement highlights how Ascendia Brands Inc manages its short-term assets and liabilities over time.
Comparing Ascendia Brands Inc's Current Ratio to Peers
To better understand Ascendia Brands Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Ascendia Brands Inc (ASCBQ) | 2.21 |
| China Health Industries Holdings Inc (CHHE) | 6.86 |
| United-Guardian Inc (UG) | 6.62 |
| Scott's Liquid Gold-Inc (SLGD) | 5.80 |
| China Botanic Pharmaceutical Inc (CBPI) | 4.99 |
| Stephan Co (SPCO) | 4.17 |
Compared to its competitors, Ascendia Brands Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.