As of June 21, 2025, HyreCar Inc (HYRE) reports a Current Ratio of 1.48.
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 HyreCar Inc's Current Ratio
Over recent years, HyreCar Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2021-12-31 | 1.48 |
| 2020-12-31 | 0.59 |
| 2019-12-31 | 2.45 |
| 2018-12-31 | 3.47 |
| 2017-12-31 | 0.29 |
This fluctuation highlights how HyreCar Inc manages its short-term assets and liabilities over time.
Comparing HyreCar Inc's Current Ratio to Peers
To better understand HyreCar Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| HyreCar Inc (HYRE) | 1.48 |
| Ucar SA (ALUCR.PA) | 2.65 |
| Morgan Group Holding Co (MGHL) | 2.46 |
| EZGO Technologies Ltd (EZGO) | 2.45 |
| Patriot Transportation Holding Inc (PATI) | 2.15 |
| American Commerce Solutions Inc (AACS) | 2.02 |
Compared to its competitors, HyreCar Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.