Market Cap : | Enterprise Value : | PE Ratio : At Loss | PB Ratio : |
---|
NYSE:CIT has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:CIT has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. 's quick ratio for the quarter that ended in . 20 was 0.00.
has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for 's Quick Ratio or its related term are showing as below:
The historical data trend for '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.
Semi-Annual Data |
Quick Ratio |
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.
's Quick Ratio for the fiscal year that ended in . 20 is calculated as
Quick Ratio (A: . 20 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | ( | - | ) | / | ||
= |
's Quick Ratio for the quarter that ended in . 20 is calculated as
Quick Ratio (Q: . 20 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | ( | - | ) | / | ||
= |
* 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 's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
From GuruFocus
By ACCESSWIRE 03-31-2022
By ACCESSWIRE 04-04-2022
By ACCESSWIRE 04-06-2022
Other Sources
By Fool 2022-04-04
By Fool 2022-04-06
By Fool 2022-04-04
By Fool 2022-04-04
By Fool 2022-04-04
By Fool 2022-04-05
By Fool 2022-04-06
By Fool 2022-04-04
By Fool 2022-04-05
By Fool 2022-04-04
By Fool 2022-04-05
By Fool 2022-04-05
By Fool 2022-04-04
By Fool 2022-04-06
By Fool 2022-04-04