Bank of America Current Ratio

• Annual: 1.02
• Quarterly: 0.28
• TTM: 0.28

What is the Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets. A higher current ratio indicates a greater ability to meet short-term obligations.

Related Metrics

Other important metrics to assess Bank of America's financial health include:

• Quick Ratio - measures the company's ability to meet short-term obligations with its most liquid assets:
  • Annual: 1.10
  • Quarterly: 0.28
  • TTM: 0.28
• Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
  • Annual: 0.36
  • Quarterly: 0.28
  • TTM: 0.28

These metrics provide insights into Bank of America's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Bank of America Historical Current Ratio

Historical Quick Ratio

Historical Cash Ratio