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. IES Holdings's quick ratio for the quarter that ended in Sep. 2020 was 1.43.
IES Holdings has a quick ratio of 1.43. It generally indicates good short-term financial strength.
NAS:IESC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.85 Med: 1.56 Max: 2.12
Current: 1.43
0.85
-
2.12
During the past 13 years, IES Holdings's highest Quick Ratio was 2.12. The lowest was 0.85. And the median was 1.56.
NAS:IESC's Quick Ratio is ranked higher than
57% of the 1548
Companies
in the Construction industry.
( Industry Median: 1.30
vs. NAS:IESC: 1.43
)
IES Holdings Quick Ratio Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* Premium members only.
IES Holdings Annual Data
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Quick Ratio
1.48
1.43
1.47
1.42
1.43
IES Holdings Quarterly Data
Dec15
Mar16
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Quick Ratio
1.42
1.45
1.43
1.35
1.43
Competitive Comparison
* 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.
IES Holdings Quick Ratio Distribution
* The bar in red indicates where IES Holdings's Quick Ratio falls into.
IES Holdings 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.
IES Holdings's Quick Ratio for the fiscal year that ended in Sep. 2020 is calculated as
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
IES Holdings (NAS:IESC) 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.
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