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. MYR Group's quick ratio for the quarter that ended in Dec. 2024 was 1.35.
MYR Group has a quick ratio of 1.35. It generally indicates good short-term financial strength.
The historical rank and industry rank for MYR Group's Quick Ratio or its related term are showing as below:
FRA:MYP'
s Quick Ratio Range Over the Past 10 Years
Min: 1.33 Med: 1.56 Max: 2.01
Current: 1.35
During the past 13 years, MYR Group's highest Quick Ratio was 2.01. The lowest was 1.33. And the median was 1.56.
FRA:MYP's Quick Ratio is ranked better than 54.74% of 1741
companies
in the Construction industry
Industry Median: 1.28
vs FRA:MYP: 1.35
MYR Group Quick Ratio Historical Data
The historical data trend for MYR 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.
For the Engineering & Construction subindustry, MYR 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.
MYR Group's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, MYR Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where MYR Group's Quick Ratio falls into.
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.
MYR Group's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
MYR Group (FRA:MYP) 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.
MYR Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of MYR Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution networks and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.
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