OLB Group, Inc. Current Ratio

Current Ratio of OLB for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.

Highlights and Quick Summary

  • Current Ratio for the quarter ending December 30, 2020 was 4.21 (a 7.03% increase compared to previous quarter)
  • Year-over-year quarterly Current Ratio increased by 1086.8%
  • Annual Current Ratio for 2020 was 4.21 (a 844.01% increase from previous year)
  • Annual Current Ratio for 2019 was 0.45 (a -0.49% decrease from previous year)
  • Annual Current Ratio for 2018 was 0.45 (a 794.21% increase from previous year)
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Historical Current Ratio of OLB Group, Inc.

Most recent Current Ratioof OLB including historical data for past 10 years.

Interactive Chart of Current Ratio of OLB Group, Inc.

OLB Group, Inc. Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 4.21 3.93 0.35 0.35 4.21
2019 0.45 0.45
2018 0.45 0.45
2017 0.05
2016 0.0

Business Profile of OLB Group, Inc.

Sector: Technology
Industry: Software—Application
The OLB Group, Inc. operates as a FinTech and payment facilitator company in the United States. It offers OmniSoft, a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses; eVance, a payment processing solution; SecurePay, a payment gateway and virtual terminal with proprietary business management tools; and CrowdPay.us, a white label capital raising platform. The company also operates ShopFast, a cloud-based omni-channel softwares. In addition, it provides ecommerce development and consulting services. The company was incorporated in 1993 and is headquartered in New York, New York.