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Manhattan Associates Quick Ratio

: 1.66 (As of Sep. 2021)
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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. Manhattan Associates's quick ratio for the quarter that ended in Sep. 2021 was 1.66.

Manhattan Associates has a quick ratio of 1.66. It generally indicates good short-term financial strength.

The historical rank and industry rank for Manhattan Associates's Quick Ratio or its related term are showing as below:

NAS:MANH' s Quick Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.11   Max: 6.21
Current: 1.66

1.23
6.21

During the past 13 years, Manhattan Associates's highest Quick Ratio was 6.21. The lowest was 1.23. And the median was 2.11.

NAS:MANH's Quick Ratio is ranked lower than
58% of the 2629 Companies
in the Software industry.

( Industry Median: 1.94 vs. NAS:MANH: 1.66 )

Manhattan Associates Quick Ratio Historical Data

The historical data trend for Manhattan Associates'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.

* Premium members only.

Manhattan Associates Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.76 1.84 1.48 1.28 1.70

Manhattan Associates Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.56 1.70 1.60 1.60 1.66

Competitive Comparison

For the Software - Application subindustry, Manhattan Associates'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.

   

Manhattan Associates Quick Ratio Distribution

For the Software industry and Technology sector, Manhattan Associates's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Manhattan Associates's Quick Ratio falls into.



Manhattan Associates 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.

Manhattan Associates's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Quick Ratio (A: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(334.041-0)/196.986
=1.70

Manhattan Associates's Quick Ratio for the quarter that ended in Sep. 2021 is calculated as

Quick Ratio (Q: Sep. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(385.667-0)/232.862
=1.66

* 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.


Manhattan Associates  (NAS:MANH) 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.


Manhattan Associates Quick Ratio Related Terms

Thank you for viewing the detailed overview of Manhattan Associates's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Manhattan Associates Business Description

Manhattan Associates logo
Industry
Technology » Software NAICS : 511210 SIC : 7372
Traded in Other Exchanges
Address
2300 Windy Ridge Parkway, Tenth Floor, Atlanta, GA, USA, 30339
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.
Executives
Eger Edmond director 135 CHEROKEE WAY PORTOLA VALLEY CA 94028
Richards Bruce officer: Sr. V.P. & Chief Legal Officer 190 NORTHLAND RIDGE TRAIL ATLANTA GA 30342
Howell Robert G officer: Sr VP, Americas Sales 2300 WINDY RIDGE PARKWAY 10TH FLOOR ATLANTA GA 30339
Huntz John J Jr director 1201 W PEACHTREE STREET NW STE 5000 ATLANTA GA 30309
Noonan Thomas E director C/O INTERNET SECURITY SYSTEM INC 6303 BARFIELD RD ATLANTA GA 30328
Hollembaek Linda T. director 2300 WINDY RIDGE PARKWAY TENTH FLOOR ATLANTA GA 30339
Raghavan Deepak director 2300 WINDY RIDGE PARKWAY SUITE 700 ATLANTA GA 30339
Moran Charles E director 2300 WINDY RIDGE PARKWAY 10TH FLOOR ATLANTA GA 30339
Story Dennis B officer: EVP, CFO & Treasurer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STORY DENNIS B a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Capel Eddie director, officer: President & CEO 2300 WINDY RIDGE PARKWAY, SUITE 1000 ATLANTA GA 30339
Pinne Linda C. officer: Sr VP, Global Corp Controller 2300 WINDY RIDGE PARKWAY TENTH FLOOR ATLANTA GA 30339
Heyman John H director 3925 BROOKSIDE PARKWAY ALPHARETTA GA 30022
Cassidy Brian J director MEENTSESTREAST 81 NL 6987 GLESBEEK NETHERLANDS P7 0000
Lautenbach Dan J director 106 COSTA BELLA COVE AUSTIN TX 78734
Sinisgalli Peter F director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SINISGALLI PETER F a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

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