Rite Aid Corporation

Rite Aid Corporationverified

RAD

Price:

$0.6483

Market Cap:

$36.76M

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and general merchandise, pet care, and a variety of other everyday and convenience products, as well as brand and generic prescription drugs; and a private brand product line. It also operates retai...[Read more]

Industry

Medical - Pharmaceuticals

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

RAD

The Current Ratio as of September 2024 (TTM) for Rite Aid Corporation (RAD) is 0.57

According to Rite Aid Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.57. This represents a change of -47.88% compared to the average of 1.10 of the last 4 quarters.

Rite Aid Corporation (RAD) Historical Current Ratio (quarterly & annually)

How has RAD Current Ratio performed in the past?

The mean historical Current Ratio of Rite Aid Corporation over the last ten years is 1.48. The current 0.57 Current Ratio has changed 3.79% with respect to the historical average. Over the past ten years (40 quarters), RAD's Current Ratio was at its highest in in the May 2015 quarter at 2.42. The Current Ratio was at its lowest in in the September 2023 quarter at 0.57.

Quarterly (TTM)
Annual

Average

1.48

Median

1.45

Minimum

1.18

Maximum

1.71

Rite Aid Corporation (RAD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Rite Aid Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.82%

Maximum Annual Current Ratio = 1.71

Minimum Annual Increase = -20.32%

Minimum Annual Current Ratio = 1.18

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.212.90%
20221.18-14.86%
20211.383.25%
20201.34-20.32%
20191.6822.82%
20181.37-18.90%
20171.6911.00%
20161.52-10.62%
20151.70-0.59%
20141.71-0.07%

Rite Aid Corporation (RAD) Average Current Ratio

How has RAD Current Ratio performed in the past?

The current Current Ratio of Rite Aid Corporation (RAD) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.26

5-year avg

1.36

10-year avg

1.48

Rite Aid Corporation (RAD) Current Ratio vs. Peers

How is RAD’s Current Ratio compared to its peers?

Rite Aid Corporation’s Current Ratio is less than PetMed Express, Inc. (1.33), less than High Tide Inc. (1.17), less than China Jo-Jo Drugstores, Inc. (0.94), less than BIMI International Medical Inc. (1.21), less than Walgreens Boots Alliance, Inc. (0.65), less than TRxADE HEALTH, Inc. (4.16), less than MedAvail Holdings, Inc. (6.51), less than SunLink Health Systems, Inc. (2.77), greater than Leafly Holdings, Inc. (0.51),

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