Quick Ratio

Financial Data API

Definition of Quick Ratio

The quick ratio is an indicator of a companys short-term liquidity. The quick ratio measures a companys ability to meet its short-term obligations with its most liquid assets. The quick ratio is more conservative than the current ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash.

Formula for Quick Ratio

$quickratio= \frac{(cashandequivalents+shortterminvestments+notereceivable+accountsreceivable)}{totalcurrentliabilities}$

Quick Ratio Details

Intrinio Tag	quickratio
Statements	Calculations
Templates	Industrial
Type	Liquidity
Units	Float
Historical?	Yes
Screenable?	Yes

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