CI Investment Grade Bond ETF has a quick ratio of 3.38. It generally indicates good short-term financial strength.
The historical rank and industry rank for CI Investment Grade Bond ETF's Quick Ratio or its related term are showing as below:
TSX:FIG's Quick Ratio is not ranked *
in the Asset Management industry.
Industry Median: 2.8 * Ranked among companies with meaningful Quick Ratio only.
CI Investment Grade Bond ETF Quick Ratio Historical Data
* 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 CI Investment Grade Bond ETF's Quick Ratio
For the Asset Management subindustry, CI Investment Grade Bond ETF'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.
CI Investment Grade Bond ETF's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, CI Investment Grade Bond ETF's Quick Ratio distribution charts can be found below:
* The bar in red indicates where CI Investment Grade Bond ETF's Quick Ratio falls into.
CI Investment Grade Bond ETF 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.
* 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.
CI Investment Grade Bond ETF (TSX:FIG) 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.
CI Investment Grade Bond ETF Quick Ratio Related Terms
Thank you for viewing the detailed overview of CI Investment Grade Bond ETF's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CI Investment Grade Bond ETF (TSX:FIG) Business Description
Marret Investment Grade Bond Fund is a closed-end investment fund. Its investment objective is to provide holders of units with attractive monthly tax advantaged cash distributions and to maximize the total return for unitholders.
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