The Hackett Group has a quick ratio of 1.51. It generally indicates good short-term financial strength.
The historical rank and industry rank for The Hackett Group's Quick Ratio or its related term are showing as below:
HCKT'
s Quick Ratio Range Over the Past 10 Years
Min: 1.23 Med: 1.49 Max: 1.99
Current: 1.51
During the past 13 years, The Hackett Group's highest Quick Ratio was 1.99. The lowest was 1.23. And the median was 1.49.
HCKT's Quick Ratio is ranked worse than 54.39% of 2826
companies
in the Software industry
Industry Median: 1.67
vs HCKT: 1.51
The Hackett Group Quick Ratio Historical Data
The historical data trend for The Hackett Group's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Hackett Group's Quick Ratio
For the Information Technology Services subindustry, The Hackett Group's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Hackett Group's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, The Hackett Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where The Hackett Group's Quick Ratio falls into.
The Hackett Group Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
The Hackett Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Hackett Group (NAS:HCKT) Quick Ratio Explanation
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. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
The Hackett Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of The Hackett Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Hackett Group (The Hackett Group) Business Description
The Hackett Group Inc is an advisory firm. The company's offerings include executive advisory programs, benchmarking, executive advisory, business transformation, and cloud enterprise application implementation. The company's executive and practices advisory programs offer performance metrics, peer-learning opportunities, and practice implementation practices. Benchmarking services help organizations measure and assess internal efficiency and effectiveness. The business transformation programs help customers develop strategies to improve performance. The company's technology advisory services help clients improve decision-making capabilities and deploy software applications. The Hackett Group generates the majority of its revenue in the United States.
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