While the range of acceptable current ratios varies depending on the specific industry type, a ratio between 1.5 and 3 is generally considered healthy.

Is 1.07 a good current ratio?

A good current ratio is between 1.2 to 2, which means that the business has 2 times more current assets than liabilities to covers its debts. A ratio of 1:1 indicates that current assets are equal to current liabilities and that the business is just able to cover all of its short-term obligations.

Is TJX overvalued?

Price to Book Ratio PB vs Industry: TJX is overvalued based on its PB Ratio (13.5x) compared to the US Specialty Retail industry average (3.3x).

What current ratio says about a company?

The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables.

Is a current ratio of 15 good?

If your current ratio is high, meaning anywhere above 1, then the company is capable of paying its short-term obligations. The higher the ratio is, the more capable they are of paying off debts. Big-name companies like Apple and Google can reach a current ratio has high as 15.

Is TJX a Buy Sell or Hold?

The TJX Companies has received a consensus rating of Buy. The company’s average rating score is 2.76, and is based on 13 buy ratings, 4 hold ratings, and no sell ratings.

Is TJX a buy Zacks?

– TJX – Stock Price Today – Zacks….(Delayed Data from NYSE)