CR
Current ratio
 
In balance sheet terms: (29/58 - 29) / (42/48 + 492/3)
 
The current ratio is a measure of liquidity or the ability of a company to meet its short-term commitments. This ratio is widely used by credit institutions and is an expression of the relationship between the current net assets and short-term external capital (borrowings). When the current assets correspond exactly to the external capital, this ratio is one and the net operating capital - the difference between the numerator and denominator - is zero. A current ratio smaller than one therefore means that the net operating capital is negative while a current ratio greater than one means that the net operating capital is positive. The greater the ratio, the greater the liquidity of the company.