Relatively Low Current Ratio Detected in Shares of Thermo Fisher Scientific in the Life Sciences Tools & Services Industry (TMO, ICLR, PRXL, MTD, CRL)
Below are the three companies in the Life Sciences Tools & Services 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.
Thermo Fisher Scientific ranks lowest with a a current ratio of 1.1. ICON is next with a a current ratio of 1.1. Parexel International ranks third lowest with a a current ratio of 1.4.
Mettler-Toledo International follows with a a current ratio of 1.5, and Charles River Laboratories rounds out the bottom five with a a current ratio of 1.8.
SmarTrend recommended that subscribers consider buying shares of Thermo Fisher Scientific on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $129.59. Since that recommendation, shares of Thermo Fisher Scientific have risen 11.5%. We continue to monitor Thermo Fisher Scientific for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest current ratio thermo fisher scientific parexel international mettler-toledo international charles river laboratories