As of June 9, 2025, GrowLife Inc (PHOT) reports a Current Ratio of 0.03.
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 GrowLife Inc's Current Ratio
Over recent years, GrowLife Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2022-12-31 | 0.03 |
| 2021-12-31 | 0.23 |
| 2020-12-31 | 0.18 |
| 2019-12-31 | 0.11 |
| 2018-12-31 | 0.47 |
This slight downward trend highlights how GrowLife Inc manages its short-term assets and liabilities over time.
Comparing GrowLife Inc's Current Ratio to Peers
To better understand GrowLife Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| GrowLife Inc (PHOT) | 0.03 |
| Omni Lite Industries Canada Inc (OML.V) | 6.16 |
| American Metal & Technology Inc (AMGY) | 5.94 |
| International Baler Corp (IBAL) | 4.35 |
| Lindsay Corp (LNN) | 3.92 |
| Aap 101 Inc (AAPJ) | 3.17 |
Compared to its competitors, GrowLife Inc's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.