Lowest Current Ratio in the Trucking Industry Detected in Shares of Hertz Global (HTZ, R, PTSI, CVTI, USAK)
Below are the three companies in the Trucking 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.
Hertz Global ranks lowest with a a current ratio of 0.6. Ryder System is next with a a current ratio of 0.8. PAM Transportation Services ranks third lowest with a a current ratio of 0.9.
Covenant Transportation follows with a a current ratio of 1.1, and USA Truck rounds out the bottom five with a a current ratio of 1.2.
SmarTrend recommended that its subscribers protect gains by selling shares of PAM Transportation Services on April 7th, 2016 by issuing a Downtrend alert when the shares were trading at $26.81. Since that call, shares of PAM Transportation Services have fallen 19.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest current ratio hertz global ryder system pam transportation services covenant transportation usa truck