As of June 10, 2025, Fonar Corp (FONR) reports a Current Ratio of 7.86.
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 Fonar Corp's Current Ratio
Over recent years, Fonar Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-06-30 | 7.86 |
| 2023-06-30 | 8.06 |
| 2022-06-30 | 7.11 |
| 2021-06-30 | 5.43 |
| 2020-06-30 | 5.13 |
This slight upward trend highlights how Fonar Corp manages its short-term assets and liabilities over time.
Comparing Fonar Corp's Current Ratio to Peers
To better understand Fonar Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Fonar Corp (FONR) | 7.86 |
| Sensus Healthcare Inc (SRTS) | 9.64 |
| IRadimed Corp (IRMD) | 8.84 |
| Electromed Inc (ELMD) | 5.75 |
| Conformis Inc (CFMS) | 5.63 |
| Intuitive Surgical Inc (ISRG) | 5.22 |
Compared to its competitors, Fonar Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.