The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. TTEC Holdings's quick ratio for the quarter that ended in Dec. 2023 was 1.69.
TTEC Holdings has a quick ratio of 1.69. It generally indicates good short-term financial strength.
The historical rank and industry rank for TTEC Holdings's Quick Ratio or its related term are showing as below:
TTEC'
s Quick Ratio Range Over the Past 10 Years
Min: 1.51 Med: 1.92 Max: 2.68
Current: 1.69
During the past 13 years, TTEC Holdings's highest Quick Ratio was 2.68. The lowest was 1.51. And the median was 1.92.
TTEC's Quick Ratio is ranked better than 51.03% of 2824
companies
in the Software industry
Industry Median: 1.66
vs TTEC: 1.69
TTEC Holdings Quick Ratio Historical Data
The historical data trend for TTEC Holdings'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.
For the Information Technology Services subindustry, TTEC Holdings'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.
TTEC Holdings Quick Ratio Distribution
For the Software industry and Technology sector, TTEC Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where TTEC Holdings's Quick Ratio falls into.
TTEC Holdings 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.
TTEC Holdings'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.
TTEC Holdings (NAS:TTEC) 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.
TTEC Holdings Quick Ratio Related Terms
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TTEC Holdings (TTEC Holdings) Business Description
TTEC Holdings Inc provides customer engagement management tools and services. The company operates through four operating segments that are organized into two groups, TTEC Digital and TTEC Engage. TTEC Digital is engaged in building and implementing cloud-based and on-premises customer experience tools that enable clients to develop customer engagement strategies. TTEC Engage focuses on delivering sales and marketing solutions to help clients boost their revenue as well as on managing customer's front-to-back office processes to optimize the customer experience. TTEC Engage contributes the vast majority of the company's revenue, and most of the sales are derived from the United States and Canada, followed by Philippines, Asia-Pacific and India.
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