The current ratio increased significantly in 2010. In 2010 it was greater than the industry’s ratio while in 2009 it was lesser than the industry’s ratio. The increase is due to the fact that the current assets increased by 443m dollars while the current liabilities only increased by 43m dollars.
Quick ratio aslo increased in 2010. This is because 73% of the currents assets of 2009 contained inventories. However in 2010, only 55% of the current assets were stocks. This means that the company became for liquid as it gained more cash. The quick ratio of BlackSea matched the industry’s quick ratio in 2010.