Houston Wire & Cable is Among the Companies in the Trading Companies & Distributors Industry With the Highest Current Ratio (HWCC, FAST, WSO, AIT, MSM)
Below are the three companies in the Trading Companies & Distributors industry with the highest 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.
Houston Wire & Cable ranks highest with a a current ratio of 5.8. Fastenal is next with a a current ratio of 4.0. Watsco ranks third highest with a a current ratio of 3.7.
Applied Industrial Technologies follows with a a current ratio of 3.2, and MSC Industrial Direct rounds out the top five with a a current ratio of 3.1.
SmarTrend recommended that its subscribers protect gains by selling shares of MSC Industrial Direct on September 26th, 2014 by issuing a Downtrend alert when the shares were trading at $86.61. Since that call, shares of MSC Industrial Direct have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest current ratio houston wire & cable Fastenal Watsco applied industrial technologies msc industrial direct