The company's financial leverage has reached a critical juncture, with the debt-to-equity ratio surging to 9.57 as of 2026Q1 compared to 1.84 in 2023Q4.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 622.03M | 673.35M | 652.3M | 681.2M | 749.97M | 697.99M | 656.8M | 549.83M | 526.48M | 542.79M | 433.73M | 415.07M | 444.13M | 469.55M | 503.54M | 478.28M | 424.22M | 402.38M | 404.89M | 459.82M | 361.14M | 299.15M | 278.04M | 319.55M | 327.23M | 308.43M | 301.42M | 145.3M | 121.4M | 118.2M | 114.1M |
| Cash & Short-Term Investments | 88.75M | 82.9M | 84.99M | 172.75M | 153.44M | 158.21M | 132.91M | 82.41M | 78.24M | 74.44M | 55.26M | 60.3M | 77.32M | 158.02M | 164.49M | 156.37M | 119.39M | 109.42M | 87.94M | 91.24M | 60.48M | 32.51M | 75.07M | 141.69M | 144.81M | 104.17M | 84.47M | 56.3M | 8.8M | 6.7M | 5.6M |
| Cash Only | 88.75M | 82.9M | 84.99M | 172.75M | 153.44M | 158.21M | 132.91M | 82.41M | 78.24M | 74.44M | 55.26M | 60.3M | 77.32M | 158.02M | 164.49M | 156.37M | 119.39M | 109.42M | 87.94M | 91.24M | 60.48M | 32.51M | 75.07M | 141.69M | 144.79M | 95.43M | 58.8M | 56.3M | 8.8M | 6.7M | 5.6M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23K | 8.74M | 25.68M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 438.22M | 466.44M | 474.36M | 413.39M | 463.17M | 405.45M | 419.29M | 371.13M | 350.96M | 391.9M | 300.81M | 283.47M | 276.43M | 247.3M | 266.19M | 261.48M | 268.96M | 247.9M | 257.26M | 297.86M | 251.83M | 223.39M | 164.78M | 154.18M | 151.92M | 162.34M | 193.35M | 78.8M | 68.8M | 37.8M | 31.7M |
| Days Sales Outstanding | 78.28 | 79.67 | 78.43 | 61.27 | 69.18 | 65.11 | 78.51 | 82.41 | 84.88 | 96.82 | 86.1 | 80.41 | 81.25 | 75.65 | 83.54 | 80.92 | 89.66 | 77.47 | 67.07 | 79.38 | 75.88 | 75.03 | 57.13 | 56.71 | 54.5 | 64.68 | 79.71 | 56.47 | 68.05 | 52.36 | 69.91 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.83M | 10.71M | 0 | 0 | 11.9M | 14.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.5M | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | 2.58 | 4.15 | - | - | 5.13 | 6.2 | - | - | - | - | - | - | - | - | - | - | 20.82 | - | - | - | - | - |
| Other Current Assets | 95.07M | 124.01M | 92.95M | 95.06M | 133.37M | 0 | 0 | 0 | 59.88M | 12.92M | 20.53M | 9.64M | 28.02M | 11.9M | 14.17M | 22.99M | 8.77M | 5.91M | 30.33M | 8.39M | 11.08M | 12.99M | 6.61M | 885K | 11.63M | 20.02M | 23.59M | 10.2M | 43.8M | 73.7M | 76.8M |
| Total Non-Current Assets | 790.58M | 825.73M | 1.1B | 1.5B | 1.4B | 1.3B | 859.61M | 826.96M | 528.03M | 535.95M | 412.58M | 428.25M | 407.5M | 372.79M | 343.63M | 268.7M | 236.41M | 237.79M | 264.05M | 300.47M | 297.57M | 219.08M | 218.76M | 231.72M | 213.36M | 265.51M | 288.48M | 148.4M | 109.5M | 63.6M | 29.3M |
| Property, Plant & Equipment | 180.24M | 197.84M | 223.31M | 312.58M | 275.79M | 258.58M | 299.53M | 327.44M | 161.52M | 163.3M | 151.04M | 168.29M | 150.21M | 126.72M | 112.28M | 100.32M | 105.53M | 127M | 157.75M | 174.81M | 156.05M | 133.63M | 132.21M | 148.69M | 123.09M | 177.96M | 178.76M | 108.9M | 77.5M | 49.9M | 23.7M |
| Fixed Asset Turnover | 10.51x | 10.80x | 9.89x | 7.88x | 8.86x | 8.79x | 6.51x | 5.02x | 9.34x | 9.05x | 8.44x | 7.65x | 8.27x | 9.42x | 10.36x | 11.76x | 10.38x | 9.20x | 8.88x | 7.84x | 7.76x | 8.13x | 7.96x | 6.67x | 8.27x | 5.15x | 4.95x | 4.68x | 4.76x | 5.28x | 6.98x |
| Goodwill | 368.19M | 368.68M | 571.2M | 808.99M | 807.85M | 739.48M | 363.5M | 301.69M | 204.63M | 206.69M | 129.65M | 114.18M | 128.71M | 102.74M | 98.24M | 70.84M | 52.71M | 45.25M | 44.15M | 45.15M | 58.23M | 32.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 125.67M | 133.69M | 164.81M | 198.43M | 233.91M | 212.35M | 112.06M | 115.6M | 80.91M | 92.09M | 30.79M | 51.22M | 59.91M | 54.81M | 54.46M | 36.54M | 0 | 8.05M | 7.59M | 6.98M | 9.67M | 12.87M | 45.22M | 30.2M | 29.99M | 40.56M | 41.31M | 20.6M | 15M | 7.3M | 3.3M |
| Long-Term Investments | 30.1M | 8.6M | 31.78M | 0 | 0 | 0 | 0 | 0 | -301.07M | -310.79M | -214.02M | -217.48M | -220.12M | 1.64M | 1.86M | 0 | 0 | -89.83M | -83.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 101.43M | 110.35M | 101.49M | 146.25M | 67.73M | 77.27M | 69.44M | 68.97M | 366.51M | 372.65M | 261.54M | 259.97M | 257.29M | 44.08M | 99.39M | 28.48M | 40.23M | 110.8M | 106.31M | 33.76M | 29.03M | 9.87M | 22.87M | 44M | 43.21M | 40.19M | 68.41M | 18.9M | 17M | 6.4M | 2.3M |
| Total Assets | 1.41B | 1.5B | 1.75B | 2.19B | 2.15B | 2B | 1.52B | 1.38B | 1.05B | 1.08B | 846.3M | 843.33M | 851.63M | 842.34M | 847.17M | 746.98M | 660.62M | 640.17M | 668.94M | 760.29M | 658.72M | 518.23M | 496.8M | 551.27M | 540.59M | 573.94M | 589.9M | 293.7M | 230.9M | 181.8M | 143.4M |
| Asset Turnover | 1.33x | 1.43x | 1.26x | 1.13x | 1.13x | 1.14x | 1.29x | 1.19x | 1.43x | 1.37x | 1.51x | 1.53x | 1.46x | 1.42x | 1.37x | 1.58x | 1.66x | 1.82x | 2.09x | 1.80x | 1.84x | 2.10x | 2.12x | 1.80x | 1.88x | 1.60x | 1.50x | 1.73x | 1.60x | 1.45x | 1.15x |
| Asset Growth % | -46.04% | -14.5% | -19.78% | 1.47% | 7.87% | 31.68% | 10.14% | 30.56% | -2.25% | 27.46% | 0.35% | -0.98% | 1.1% | -0.57% | 13.41% | 13.07% | 3.2% | -4.3% | -12.02% | 15.42% | 27.11% | 4.31% | -9.88% | 1.98% | -5.81% | -2.71% | 100.85% | 27.2% | 27.01% | 26.78% | - |
| Total Current Liabilities | 309M | 355.95M | 353.94M | 403.03M | 411.36M | 444.4M | 396.17M | 363.29M | 235.42M | 200.46M | 178.67M | 206.91M | 199.12M | 190.79M | 171.41M | 170.01M | 172.25M | 145.97M | 180.1M | 186.81M | 182.01M | 160.18M | 136.19M | 137.04M | 136.33M | 123.22M | 137.3M | 63.5M | 58.2M | 38.7M | 26.6M |
| Accounts Payable | 65.75M | 72.64M | 84.18M | 96.58M | 93.94M | 70.42M | 66.66M | 64.44M | 59.45M | 46.44M | 38.2M | 43.32M | 37.02M | 32.03M | 23.49M | 27.55M | 23.6M | 17.63M | 26.21M | 38.76M | 31.29M | 30.1M | 23.2M | 22.82M | 20M | 17.94M | 19.74M | 16.82M | 11.8M | 8.1M | 6.1M |
| Days Payables Outstanding | 15.57 | 15.87 | 17.7 | 18.24 | 18.47 | 15.08 | 16.75 | 18.92 | 18.74 | 15.27 | 14.81 | 17.04 | 15.24 | 13.81 | 10.27 | 11.86 | 10.91 | 7.84 | 9.34 | 14.13 | 12.89 | 13.51 | 10.94 | 11.86 | 10.24 | 11.15 | 14.05 | 19.81 | 19.41 | 18.81 | 24.1 |
| Short-Term Debt | 32.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300K | 14.82M | 4.67M | 4.93M | 12.53M | 8.08M | 8.8M | 5.6M | 5M |
| Deferred Revenue (Current) | 257.94M | 58.83M | 64.75M | 81.17M | 87.85M | 95.61M | 39.96M | 39.45M | 44.93M | 21.63M | 23.32M | 26.18M | 29.89M | 28.8M | 26.89M | 15.89M | 5.57M | 13.16M | 12.87M | 34.84M | 0 | 10.52M | 5.02M | 12.31M | 35.48M | 78.31M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 21.99M | 178.34M | 146.06M | 149.88M | 152.69M | 161.07M | 170.28M | 123.71M | 35.28M | 70.51M | 96.64M | 56.64M | 87.15M | 92.23M | 77.79M | 82.69M | 4.58M | 6.12M | 31.04M | 41.93M | 45.15M | 60.38M | 20.47M | 9.21M | 76.19M | 22.05M | 12.02M | 38.6M | 37.6M | 25M | 15.5M |
| Current Ratio | 2.01x | 1.89x | 1.84x | 1.69x | 1.82x | 1.57x | 1.66x | 1.51x | 2.24x | 2.71x | 2.43x | 2.01x | 2.23x | 2.46x | 2.94x | 2.81x | 2.46x | 2.76x | 2.25x | 2.46x | 1.98x | 1.87x | 2.04x | 2.33x | 2.40x | 2.50x | 2.20x | 2.29x | 2.09x | 3.05x | 4.29x |
| Quick Ratio | 2.01x | 1.89x | 1.84x | 1.69x | 1.82x | 1.57x | 1.66x | 1.51x | 2.24x | 2.67x | 2.37x | 2.01x | 2.23x | 2.40x | 2.86x | 2.81x | 2.46x | 2.76x | 2.25x | 2.46x | 1.98x | 1.87x | 2.04x | 2.33x | 2.40x | 2.23x | 2.20x | 2.29x | 2.09x | 3.05x | 4.29x |
| Cash Conversion Cycle | 62.71 | - | - | - | - | - | - | - | - | 84.13 | 75.44 | - | - | 66.97 | 79.47 | - | - | - | - | - | - | - | - | - | - | 74.35 | - | - | - | - | - |
| Total Non-Current Liabilities | 1B | 1.03B | 1.13B | 1.17B | 1.11B | 958.07M | 609.5M | 581.77M | 466.24M | 515.43M | 305.74M | 195.6M | 189.26M | 178.07M | 175.43M | 106.72M | 33.55M | 38.3M | 127.95M | 118.73M | 107.42M | 58.13M | 30.19M | 116.06M | 84.52M | 88.45M | 76.43M | 25.2M | 7.2M | 10.1M | 10.5M |
| Long-Term Debt | 889M | 905M | 975M | 995M | 960M | 791M | 385M | 290M | 282M | 344M | 217.3M | 100M | 100M | 100M | 108M | 64M | 0 | 0 | 80.8M | 65.4M | 65M | 26.7M | 7.51M | 102.27M | 75M | 84M | 66.96M | 27.4M | 6.4M | 8.9M | 10M |
| Capital Lease Obligations | 258.65M | 61.44M | 71.01M | 96.81M | 69.58M | 64.42M | 98.28M | 127.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 152K | 195K | 524K | 0 | 7.94M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 44.89M | 1.23M | 17.46M | 3.14M | 3.83M | 5.33M | 23.73M | 10.6M | 10.37M | 11.29M | 160K | 3.33M | 4.67M | 2.28M | 3.03M | 3.02M | 3.56M | 3.15M | 0 | 57K | 6.74M | 6.82M | 8.59M | 0 | 0 | 0 | 0 | 0 | 800K | 1.1M | 600K |
| Other Non-Current Liabilities | 59.36M | 59.69M | 63.45M | 67.27M | 69.68M | 80.23M | 85.06M | 130.63M | 173.87M | 158.83M | 86.92M | 88.14M | 83.11M | 73.28M | 55.81M | 32.97M | 19.63M | 24.31M | 47.15M | 53.27M | 42.11M | 24.61M | 13.94M | 13.6M | 8.99M | 4.45M | 1.52M | -2.2M | 0 | 0 | -100K |
| Total Liabilities | 1.31B | 1.39B | 1.49B | 1.57B | 1.52B | 1.4B | 1.01B | 945.06M | 701.66M | 715.89M | 484.41M | 402.51M | 388.38M | 368.86M | 346.84M | 276.73M | 205.81M | 184.27M | 308.05M | 305.54M | 289.43M | 218.31M | 166.38M | 253.1M | 220.85M | 211.67M | 213.72M | 88.7M | 65.4M | 48.8M | 37.1M |
| Total Debt | 973.37M | 1B | 1.08B | 1.13B | 1.06B | 899.88M | 526.93M | 462.61M | 282M | 344M | 217.3M | 100M | 100M | 100M | 108M | 64M | 0 | 0 | 80.8M | 65.4M | 65M | 27.68M | 7.96M | 117.02M | 80.2M | 88.92M | 87.44M | 31.3M | 15.2M | 14.5M | 15M |
| Net Debt | 884.62M | 917.46M | 994.38M | 957.33M | 911.41M | 741.67M | 394.01M | 380.21M | 203.76M | 269.56M | 162.04M | 39.7M | 22.68M | -58.02M | -56.48M | -92.37M | -119.39M | -109.42M | -7.14M | -25.84M | 4.52M | -4.83M | -67.1M | -24.67M | -64.59M | -6.51M | 28.64M | -25M | 6.4M | 7.8M | 9.4M |
| Debt / Equity | 9.57x | 8.86x | 4.03x | 1.84x | 1.68x | 1.51x | 1.03x | 1.07x | 0.78x | 0.93x | 0.59x | 0.22x | 0.21x | 0.21x | 0.22x | 0.14x | - | - | 0.22x | 0.14x | 0.18x | 0.09x | 0.02x | 0.39x | 0.25x | 0.25x | 0.23x | 0.15x | 0.09x | 0.11x | 0.14x |
| Debt / EBITDA | 5.49x | 5.38x | - | 5.15x | 3.80x | 2.87x | 1.86x | 2.40x | 1.72x | 2.06x | 1.79x | 0.65x | 0.65x | 0.68x | 0.90x | 0.46x | - | - | 0.48x | 0.47x | 0.51x | 0.32x | 0.07x | 1.60x | 1.26x | 0.97x | 0.63x | 0.44x | 0.30x | 0.35x | 0.50x |
| Net Debt / EBITDA | 4.99x | 4.94x | - | 4.37x | 3.25x | 2.36x | 1.39x | 1.97x | 1.24x | 1.62x | 1.33x | 0.26x | 0.15x | -0.39x | -0.47x | -0.67x | -0.96x | -0.69x | -0.04x | -0.18x | 0.04x | -0.06x | -0.60x | -0.34x | -1.02x | -0.07x | 0.21x | -0.35x | 0.13x | 0.19x | 0.31x |
| Interest Coverage | -1.63x | -1.37x | -1.81x | 1.52x | 5.25x | 17.79x | 10.74x | 6.76x | 2.96x | 7.46x | 7.33x | 12.39x | 15.46x | 13.25x | 12.03x | 18.89x | 26.93x | 33.63x | 16.52x | 13.38x | 12.69x | 10.18x | 7.13x | 2.31x | 2.24x | 12.42x | 17.77x | - | 25.32x | - | 21.55x |
| Total Equity | 101.76M | 112.9M | 268.12M | 615.54M | 633.75M | 594.34M | 510.74M | 431.73M | 360.53M | 369.82M | 368.88M | 448.02M | 471.23M | 473.48M | 500.34M | 470.25M | 454.82M | 461.38M | 360.89M | 454.76M | 369.28M | 299.92M | 330.42M | 298.17M | 319.74M | 362.27M | 376.17M | 205M | 165.5M | 133M | 106.3M |
| Equity Growth % | -129.56% | -57.89% | -56.44% | -2.87% | 6.63% | 16.37% | 18.3% | 19.75% | -2.51% | 0.26% | -17.66% | -4.93% | -0.47% | -5.37% | 6.4% | 3.39% | -1.42% | 27.84% | -20.64% | 23.15% | 23.13% | -9.23% | 10.81% | -6.74% | -11.74% | -3.7% | 83.5% | 23.87% | 24.44% | 25.12% | - |
| Book Value per Share | 2.09 | 2.34 | 5.63 | 12.98 | 13.39 | 12.54 | 10.87 | 9.23 | 7.77 | 7.97 | 7.73 | 9.14 | 9.41 | 9.06 | 9.01 | 8.11 | 7.36 | 7.18 | 5.19 | 6.26 | 5.29 | 4.10 | 4.34 | 4.02 | 4.19 | 4.78 | 4.76 | 2.75 | 2.52 | 2.19 | 1.84 |
| Total Shareholders' Equity | 83.52M | 95.07M | 250.25M | 598.63M | 559.91M | 522.21M | 444.7M | 418.54M | 352.85M | 362.85M | 361.89M | 440.82M | 463.25M | 465.4M | 486.29M | 458.99M | 443.73M | 455.9M | 355.88M | 451.2M | 363.41M | 293.37M | 322.55M | 288.82M | 306.16M | 347.95M | 363.37M | 205M | 165.5M | 133M | 106.3M |
| Common Stock | 487K | 486K | 477K | 474K | 472K | 470K | 467K | 465K | 462K | 459K | 462K | 485K | 485K | 503K | 522K | 566K | 579K | 622K | 638K | 698K | 701K | 694K | 750K | 750K | 740K | 768K | 747K | 600K | 0 | 0 | 0 |
| Retained Earnings | 346.54M | 354.15M | 546.62M | 870.43M | 911.23M | 856.07M | 757.31M | 773.22M | 725.55M | 721.66M | 735.94M | 720.99M | 677.86M | 606.5M | 540.79M | 470.78M | 396.6M | 346.73M | 274.97M | 201.23M | 194.46M | 142.62M | 114.46M | 93.42M | 134.63M | 151.38M | 153.31M | 84.5M | 55.4M | 35.1M | 14.9M |
| Treasury Stock | -584.9M | -584.9M | -584.9M | -589.81M | -593.16M | -597.03M | -601.21M | -605.31M | -610.18M | -615.68M | -603.26M | -533.74M | -527.6M | -477.4M | -428.72M | -357.27M | -322.95M | -251.69M | -228.6M | -143.21M | -96.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -113.66M | -106.94M | -132.12M | -89.88M | -126.3M | -98.43M | -72.16M | -106.23M | -124.6M | -102.3M | -126.96M | -101.36M | -52.27M | -20.59M | 22.98M | -5.47M | 20.33M | 10.51M | -33.02M | 57.89M | 5.73M | 3.7M | 8.28M | -1.95M | -23.16M | -16.3M | 9.04M | -1.1M | 0 | 0 | 0 |
| Minority Interest | 18.24M | 17.84M | 17.86M | 16.91M | 73.84M | 72.13M | 66.04M | 13.19M | 7.68M | 6.98M | 6.98M | 7.2M | 7.98M | 8.08M | 14.04M | 11.26M | 11.09M | 5.48M | 5.01M | 3.56M | 5.88M | 6.54M | 7.87M | 9.35M | 13.58M | 14.32M | 12.81M | 0 | 0 | 0 | 0 |
Elevated Debt-to-Equity Ratio
According to the latest quarterly filings, TTEC's total assets have declined from $2.2B in 2023Q4 to $1.4B in 2026Q1, reflecting a significant contraction in the company's resource base that mirrors the broader downward trend in its operational performance and market positioning.
The consistent reduction in total assets suggests a shrinking operational footprint, likely driven by asset impairments or divestitures intended to manage liquidity. Investors should monitor whether this trajectory represents a strategic downsizing or a forced liquidation of assets to meet debt obligations.
As reported in recent financial statements, TTEC's debt-to-equity ratio has surged to 9.57 in 2026Q1, a dramatic increase from 1.84 in 2023Q4, which indicates that the company's capital structure is becoming increasingly reliant on debt as shareholder equity is eroded by persistent net losses.
This high leverage ratio suggests that the company's solvency may be under significant pressure, particularly given the lack of consistent profitability to service interest payments. The reliance on debt in a period of revenue contraction warrants further investigation into the company's ability to refinance upcoming maturities.
Based on the provided figures, goodwill remains a substantial component of TTEC's asset base at $368.2M in 2026Q1, which, when compared to the total equity of $83.5M, suggests that the company's book value is highly sensitive to potential future impairment charges.
The presence of significant goodwill relative to equity implies that the company's balance sheet is vulnerable to write-downs if the acquired businesses fail to meet performance expectations. This concentration of intangible assets may mask the true economic value of the company's underlying operational infrastructure.
As indicated by the latest balance sheet data, TTEC's cash position of $88.7M in 2026Q1 provides a limited buffer against operational volatility, especially when contrasted with the company's substantial debt load and the ongoing trend of negative net margins.
While the current ratio of 2.01 appears superficially adequate, the absolute level of cash relative to the company's scale suggests limited flexibility to navigate unexpected shocks. Investors should monitor the cash runway closely, as the current liquidity profile may restrict the company's ability to fund necessary R&D or strategic pivots.
Quick answers to the most common questions about buying TTEC stock.
As of 2025, TTEC Holdings, Inc. (TTEC) had total assets of $1.50B including $673.4M in current assets.
TTEC Holdings, Inc. (TTEC) carries total debt of $1.00B, offset by $82.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
TTEC Holdings, Inc. (TTEC) has total shareholders' equity (book value) of $95.1M ($2.34 book value per share). Book value represents the net worth of the company belonging to common stock holders.
TTEC Holdings, Inc. (TTEC) reported a current ratio of 1.89x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.