Navigant Consulting has a quick ratio of 2.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Navigant Consulting's Quick Ratio or its related term are showing as below:
NCI's Quick Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.54 * Ranked among companies with meaningful Quick Ratio only.
Navigant Consulting Quick Ratio Historical Data
The historical data trend for Navigant Consulting'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 Navigant Consulting's Quick Ratio
For the Specialty Business Services subindustry, Navigant Consulting'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.
Navigant Consulting's Quick Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Navigant Consulting's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Navigant Consulting's Quick Ratio falls into.
Navigant Consulting 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.
Navigant Consulting's Quick Ratio for the fiscal year that ended in Dec. 2018 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.
Navigant Consulting (NYSE:NCI) 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.
Navigant Consulting Quick Ratio Related Terms
Thank you for viewing the detailed overview of Navigant Consulting's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Navigant Consulting (Navigant Consulting) Business Description
Navigant Consulting Inc is an America-based professional services firm. The company operates through four segments. The disputes, investigations & economics segment provides valuation and economic analysis services and forensic services. The financial, risk & compliance segment provides advisory services concerning strategy, operation, valuation, risk management and more. Clients of this segment are primarily from the financial services industry. The healthcare segment provides consulting services and business process management services primarily to healthcare providers, payers and life science companies. The energy segment provides management advisory services. The United States accounts for the majority of the company's revenue.
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