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. BlackRock's quick ratio for the quarter that ended in Dec. 2023 was 15.46.
BlackRock has a quick ratio of 15.46. It generally indicates good short-term financial strength.
The historical rank and industry rank for BlackRock's Quick Ratio or its related term are showing as below:
BLK'
s Quick Ratio Range Over the Past 10 Years
Min: 13.81 Med: 25.5 Max: 43.57
Current: 15.46
During the past 13 years, BlackRock's highest Quick Ratio was 43.57. The lowest was 13.81. And the median was 25.50.
BLK's Quick Ratio is ranked better than 76.72% of 683
companies
in the Asset Management industry
Industry Median: 2.8
vs BLK: 15.46
BlackRock Quick Ratio Historical Data
The historical data trend for BlackRock'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.
* Premium members only.
BlackRock Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
20.11
27.92
14.45
13.81
15.46
BlackRock Quarterly Data
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Mar24
Quick Ratio
13.26
14.23
13.10
15.46
-
Competitive Comparison
For the Asset Management subindustry, BlackRock'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.
BlackRock Quick Ratio Distribution
For the Asset Management industry and Financial Services sector, BlackRock's Quick Ratio distribution charts can be found below:
* The bar in red indicates where BlackRock's Quick Ratio falls into.
BlackRock 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.
BlackRock'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.
BlackRock (NYSE:BLK) 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.
BlackRock Quick Ratio Related Terms
Thank you for viewing the detailed overview of BlackRock's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BLK has been successfully added to your 