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. Eaton Vance's quick ratio for the quarter that ended in Oct. 2020 was 2.75.
Eaton Vance has a quick ratio of 2.75. It generally indicates good short-term financial strength.
The historical rank and industry rank for Eaton Vance's Quick Ratio or its related term are showing as below:
EV'
s Quick Ratio Range Over the Past 10 Years
Min: 1.02 Med: 2.19 Max: 5.4
Current: 3.35
During the past 13 years, Eaton Vance's highest Quick Ratio was 5.40. The lowest was 1.02. And the median was 2.19.
EV's Quick Ratio is not ranked
in the Asset Management industry.
Industry Median: 2.715
vs EV: 3.35
Eaton Vance Quick Ratio Historical Data
The historical data trend for Eaton Vance'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 Eaton Vance's Quick Ratio
For the Asset Management subindustry, Eaton Vance'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.
Eaton Vance's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Eaton Vance's Quick Ratio falls into.
Eaton Vance 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.
Eaton Vance's Quick Ratio for the fiscal year that ended in Oct. 2020 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.
Eaton Vance (NYSE:EV) 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.
Eaton Vance Quick Ratio Related Terms
Thank you for viewing the detailed overview of Eaton Vance's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Eaton Vance provides asset-management and investment advisory services to institutional and individual investors. The firm specializes in tax-managed equity and fixed-income investments and is the third-largest issuer of closed-end funds. Investment advisory services are primarily provided to high-net-worth clients, institutional separate accounts, and retail managed accounts, with most products distributed through financial intermediaries in the advisory channel. The company had $583.1 billion in assets under management at the end of December 2020, composed of equity (27% of AUM), fixed-income (13%), floating-rate bank loan (5%), alternative asset (1%), and money market funds, as well as assets managed under its implementation services (35%) and exposure management (19%) platforms.
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