New Tech Company has a December 31, 2019 year-end, and has $ 120 million of debt that is due to be repaid in full on June 30, 2020.As of December 31, 2019, the company has current assets of $195 million and current liabilities of $205 million including the aforementioned $120 million of debt.The company began negotiating with its lenders to refinance the $120 million of debt on a long-term basis in November 30, and reached an agreement on the terms of a refinancing on January 15, 2020.In early February, 2020, the Company closed on a refinancing transaction that resulted in replacement of the existing debt with a new loan agreement in the same amount that is not due until 2025.The company uses IFRS for its annual financial statements and authorizes for issuance the 2019 annual financial statements in early March 2020. Based on its IFRS, what is the Company's current ratio as of December 31, 2019.

1. 0.36
2. 0.58
3. 0.95
4. 2.3