Shares of China Cord Blood Rank the Highest in Terms of Current Ratio in the Health Care Services Industry (CO, SMED, LHCG, ADPT, PMD)
Below are the three companies in the Health Care Services 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.
China Cord Blood ranks highest with a a current ratio of 7.3. Following is Sharps Compliance with a a current ratio of 4.6. LHC Group ranks third highest with a a current ratio of 2.9.
Adaptec follows with a a current ratio of 2.8, and Psychemedics rounds out the top five with a a current ratio of 2.6.
SmarTrend recommended that its subscribers protect gains by selling shares of Adaptec on June 1st, 2016 by issuing a Downtrend alert when the shares were trading at $62.53. Since that call, shares of Adaptec have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest current ratio china cord blood sharps compliance lhc group adaptec psychemedics