What does current ratio mean?

Whether the company has enough short-term assets to cover its short-term bills.

How do you interpret current ratio?

Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.

How does current ratio compare across companies?

Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.

Freedom Holding FRHC Current ratio

Discontinued — last reported Q4 '17

Current ratio at other companies

Fidelity National Information ServicesFIS

0.6×0.0×

Nasdaq, Inc.NDAQ

1×0.0×

Intercontinental ExchangeICE

1×0.0×

Broadridge Financial SolutionsBR

0.9×-0.4×

Robinhood Markets, Inc.HOOD

1.2×-0.1×

Other financials

Income statement

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Revenue$503.1M+68.6%

Gross profit$477.9M+67.1%

Net income$8.0M—

EPS (diluted)$0.13—

Balance sheet

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Cash & equivalents$966.1M-41.3%

Total debt$48.8M+20.5%

Total equity$1.5B+21.6%

Total assets$13.2B+32.7%

Cash flow

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Operating cash flow$717.8M—

CapEx$23.0M-15.8%

Free cash flow-$1.6B-220%

Valuation

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Market cap$8.81B+10.6%

Enterprise value$7.89B+24.0%

P/E57.4×—

P/S4×0.0×

Profitability

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Gross margin96.4%-2.1pp

Operating margin-28%—

Net margin7%—

FCF margin-0.6%—

Returns & leverage

See full

Return on equity11.3%—

Debt / equity0×0.0×

Where this comes from

Calculated from Freedom Holding’s reported figures.

total current assets/total current liabilities=1×

Based on the most recent quarter.

The official record: Freedom Holding’s 10-K, filed June 29, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does current ratio mean?: Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?: Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?: Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.