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. Newell Brands's quick ratio for the quarter that ended in Jun. 2022 was 0.48.
Newell Brands has a quick ratio of 0.48. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Newell Brands's Quick Ratio or its related term are showing as below:
NWL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.9 Max: 4.38
Current: 0.48
During the past 13 years, Newell Brands's highest Quick Ratio was 4.38. The lowest was 0.48. And the median was 0.90.
NWL's Quick Ratio is ranked worse than 84.21% of 1830
companies
in the Consumer Packaged Goods industry
Industry Median: 1.04
vs NWL: 0.48
Newell Brands Quick Ratio Historical Data
The historical data trend for Newell Brands'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.
Newell Brands Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Quick Ratio
1.85
1.27
0.84
0.83
0.68
Newell Brands Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Quick Ratio
0.70
0.68
0.68
0.66
0.48
Competitive Comparison
For the Household & Personal Products subindustry, Newell Brands'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.
Newell Brands Quick Ratio Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Newell Brands's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Newell Brands's Quick Ratio falls into.
Newell Brands 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.
Newell Brands's Quick Ratio for the fiscal year that ended in Dec. 2021 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.
Newell Brands (NAS:NWL) 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.
Newell Brands Quick Ratio Related Terms
Thank you for viewing the detailed overview of Newell Brands's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Newell Brands Inc is an American global consumer goods company. The business activities of the group function through five segments namely, Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation. Learning and Development segment generates most of the revenue for the firm which offers baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products and labeling solutions.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.62(3.12%) Volume: 1,912,325 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NAS:NWL has been successfully added to your 
