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Ampco-Pittsburgh has the Lowest Current Ratio in the Steel Industry (AP, SXC, X, SCHN, TMST)

By David Diaz

Below are the three companies in the Steel industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

Ampco-Pittsburgh ranks lowest with a a current ratio of 1.7. Following is Suncoke Energy I with a a current ratio of 1.7. Us Steel Corp ranks third lowest with a a current ratio of 1.7.

Schnitzer Steel follows with a a current ratio of 1.9, and Timkensteel rounds out the bottom five with a a current ratio of 2.0.

SmarTrend recommended that its subscribers protect gains by selling shares of Timkensteel on October 12th, 2018 by issuing a Downtrend alert when the shares were trading at $12.53. Since that call, shares of Timkensteel have fallen 16.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest current ratio ampco-pittsburgh suncoke energy i us steel corp schnitzer steel timkensteel