# The current ratio

Informational only - not investment advice.

Book: [Reading Financial Data - Step by Step](/guide/)
Chapter: [Cash flow & returns](/guide/cash-flow-returns/)
As of: 2025-10-31

The current ratio compares current assets with current liabilities.

## Concept

Current ratio = current assets / current liabilities. grepcent shows it only when both standardized tags are present.

## Worked Example: Read Apple's current ratio

1. AAPL current ratio was 0.89 for fiscal 2025.
2. That value comes from current assets divided by current liabilities in SEC companyfacts.
3. JPM does not show this ratio in the guide example because many financial companies do not report the same current-asset/current-liability tags.
4. When a metric is absent on grepcent, read that as omitted data, not as zero.

## See it live

- [AAPL company page](/company/AAPL/)
- [JPM company page](/company/JPM/)

## Sources

- [AAPL SEC companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000320193.json)
- [AAPL latest 10-K source](https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm)
- [JPM SEC companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000019617.json)