Market Cap : 35.52 B | Enterprise Value : 35.05 B | PE Ratio : 15.75 | PB Ratio : 2.94 |
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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. Cognizant Technology Solutions's quick ratio for the quarter that ended in Jun. 2022 was 2.23.
Cognizant Technology Solutions has a quick ratio of 2.23. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cognizant Technology Solutions's Quick Ratio or its related term are showing as below:
During the past 13 years, Cognizant Technology Solutions's highest Quick Ratio was 5.68. The lowest was 1.94. And the median was 3.84.
CTSH's Quick Ratio is ranked better thanThe historical data trend for Cognizant Technology Solutions'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 Information Technology Services subindustry, Cognizant Technology Solutions'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.
For the Software industry and Technology sector, Cognizant Technology Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cognizant Technology Solutions'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.
Cognizant Technology Solutions's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Quick Ratio (A: Dec. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (7342 | - | 0) | / | 3529 | |
= | 2.08 |
Cognizant Technology Solutions's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as
Quick Ratio (Q: Jun. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (7023 | - | 0) | / | 3153 | |
= | 2.23 |
* 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.
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.
Thank you for viewing the detailed overview of Cognizant Technology Solutions's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Rohleder Stephen J | director | C/O ACCENTURE 161 N. CLARK STREET CHICAGO IL 60601 |
Nambiar Rajesh | officer: President, Digital Business | 300 FRANK W. BURR BLVD STE. 36, 6TH FL. TEANECK NJ 07666 |
Wijnberg Sandra S | director | 100 E. PRATT STREET BA-1320 BALTIMORE MD 21202 |
Abdalla Zein | director | 700 ANDERSON HILL ROAD LEGAL DEPARTMENT, 1/2 PURCHASE NY 10577 |
Velli Joseph M | director | |
Mackay Leo S. Jr. | director | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP. 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 |
Dineen John M. | director | MERRIMACK PHARMACEUTICALS, INC. ONE KENDALL SQUARE, SUITE B7201 CAMBRIDGE MA 02139 |
Kim John Sunshin | officer: EVP & General Counsel | 300 FRANK W. BURR BLVD., STE. 36, 6FL. TEANECK NJ 07666 |
Deskus Archana | director | 2929 ALLEN PARKWAY SUITE 2100 HOUSTON TX 77019 |
Bali Vinita | director | C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606 |
Patsalos-fox Michael | director | 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 |
Morgenstern Ursula | officer: President, Global Markets | 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 |
Breakiron-evans Maureen | director | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP. 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 |
Stafford Andrew J | officer: EVP, Head of Global Delivery | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP. 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 |
Hyttenrauch Gregory Lawrence | officer: President, Digital Sys & Tech | 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 |
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