Mercantile Bank CorporationMBWMNASDAQ
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Current Ratio Over Time
Trending higher, modest growth trend.
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Current ratio (current assets / current liabilities)
Latest
0.23
Near historical average
Average (9y)
0.22
Historical baseline
Range
High:0.36
Low:0.16
CAGR
+3.0%
Modest growth trend
| Period | Value | Change |
|---|---|---|
| 2024 | 0.23 | +28.8% |
| 2023 | 0.18 | +3.1% |
| 2022 | 0.18 | -51.8% |
| 2021 | 0.36 | +27.7% |
| 2020 | 0.29 | +41.2% |
| 2019 | 0.20 | +26.8% |
| 2018 | 0.16 | -21.1% |
| 2017 | 0.20 | -0.5% |
| 2016 | 0.20 | +13.8% |
| 2015 | 0.18 | - |