As of May 29, 2025, Nel ASA (NEL.OL) reports a Current Ratio of 3.40.
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 Nel ASA's Current Ratio
Over recent years, Nel ASA's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 3.40 |
| 2023-12-31 | 4.05 |
| 2022-12-31 | 4.18 |
| 2021-12-31 | 5.88 |
| 2020-12-31 | 10.66 |
This gradual decrease highlights how Nel ASA manages its short-term assets and liabilities over time.
Comparing Nel ASA's Current Ratio to Peers
To better understand Nel ASA's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Nel ASA (NEL.OL) | 3.40 |
| 2G Energy AG (2GB.DE) | 20.87 |
| Ceres Power Holdings PLC (CWR.L) | 6.05 |
| Climeon AB (publ) (CLIME B.ST) | 4.55 |
| ITM Power PLC (ITM.L) | 4.17 |
| SeaTwirl AB (publ) (STW.ST) | 3.95 |
Compared to its competitors, Nel ASA's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.