Market Cap : 75.29 B | Enterprise Value : 89.36 B | PE Ratio : 36.36 | PB Ratio : 2.75 |
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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. Canadian Pacific Railway's quick ratio for the quarter that ended in Jun. 2022 was 0.42.
Canadian Pacific Railway has a quick ratio of 0.42. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Canadian Pacific Railway's Quick Ratio or its related term are showing as below:
During the past 13 years, Canadian Pacific Railway's highest Quick Ratio was 1.47. The lowest was 0.33. And the median was 0.68.
CP's Quick Ratio is ranked worse thanThe historical data trend for Canadian Pacific Railway'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 Railroads subindustry, Canadian Pacific Railway'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 Transportation industry and Industrials sector, Canadian Pacific Railway's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Canadian Pacific Railway'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.
Canadian Pacific Railway'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 |
= | (1056.25 | - | 183.59375) | / | 2467.96875 | |
= | 0.35 |
Canadian Pacific Railway'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 |
= | (1258.2005623243 | - | 211.65260855983) | / | 2506.2480474852 | |
= | 0.42 |
* 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 Canadian Pacific Railway's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Brooks John Kenneth | officer: SVP & Chief Marketing Officer | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Clements James Dominic Luther | officer: VP Planning & Transportation | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Foran Mike | officer: VP Network Transportation | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Trafton Gordon T. Ii | director | 2632 SUTTON CIRCLE NAPERVILLE IL 60564 |
Peverett Jane L | director | 1489 MARINE DRIVE, SUITE 802 WEST VANCOUVER A1 V7T 1B8 |
Derry John E | officer: Vice-President Human Resources | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Johnson Robert Allen | officer: Executive VP Operations | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Denham Gillian H | director | C/O CANADIAN PACIFIC RAILWAY LIMITED 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Fatt William R. | director | 129 ROCHESTER AVENUE TORONTO A6 M4N 1N9 |
Velani Nadeem | officer: Interim VP and CFO | 7550 OGDEN DALE ROAD S. E. CALGARY A0 T2C 4X9 |
Paull Matthew H | director | MCDONALDS CORP 2915 JORIE BLVD OAK BROOK IL 60523 |
Reardon Andrew Fitzpatrick | director | C/O CANADIAN PACIFIC RAILWAY LIMITED 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Melman Anthony Ronald | director | 150 BLOOR STREET WEST TORONTO A6 M5S 2X9 |
Pitz Laird Joseph | officer: VP & Chief Risk Officer | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
Edwards Peter John | officer: VP HR & Labour Relations | 7550 OGDEN DALE ROAD S.E. CALGARY A0 T2C 4X9 |
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