As of May 27, 2025, Schmitt Industries Inc (SMIT) reports a Current Ratio of 0.69.
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 Schmitt Industries Inc's Current Ratio
Over recent years, Schmitt Industries Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2022-05-31 | 0.69 |
| 2021-05-31 | 1.74 |
| 2020-05-31 | 9.36 |
| 2019-05-31 | 6.35 |
| 2018-05-31 | 5.66 |
This slight downward trend highlights how Schmitt Industries Inc manages its short-term assets and liabilities over time.
Comparing Schmitt Industries Inc's Current Ratio to Peers
To better understand Schmitt Industries Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Schmitt Industries Inc (SMIT) | 0.69 |
| Electro-Sensors Inc (ELSE) | 24.41 |
| Titan Logix Corp (TLA.V) | 19.44 |
| Bonal International Inc (BONL) | 18.56 |
| George Risk Industries Inc (RSKIA) | 15.30 |
| Image Sensing Systems Inc (ISNS) | 8.24 |
Compared to its competitors, Schmitt Industries Inc's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.