Relatively Low Current Ratio Detected in Shares of AmerisourceBergen in the Health Care Distributors Industry (ABC, MCK, CAH, HSIC, OMI)
Below are the three companies in the Health Care Distributors 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.
AmerisourceBergen ranks lowest with a a current ratio of 0.9. Following is McKesson with a a current ratio of 1.1. Cardinal Health ranks third lowest with a a current ratio of 1.2.
Henry Schein follows with a a current ratio of 1.7, and Owens & Minor rounds out the bottom five with a a current ratio of 1.8.
SmarTrend recommended that its subscribers protect gains by selling shares of Owens & Minor on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $36.12. Since that call, shares of Owens & Minor have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest current ratio AmerisourceBergen McKesson Cardinal Health henry schein owens & minor