Market Cap : 24.05 B | Enterprise Value : 50.32 B | PE Ratio : 19.54 | PB Ratio : 2.03 |
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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. Entergy's quick ratio for the quarter that ended in Jun. 2022 was 0.64.
Entergy has a quick ratio of 0.64. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Entergy's Quick Ratio or its related term are showing as below:
During the past 13 years, Entergy's highest Quick Ratio was 1.52. The lowest was 0.37. And the median was 0.88.
ETR's Quick Ratio is ranked worse thanThe historical data trend for Entergy'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 Utilities - Regulated Electric subindustry, Entergy'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 Utilities - Regulated industry and Utilities sector, Entergy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Entergy'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.
Entergy'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 |
= | (3623.595 | - | 1196.09) | / | 6190.742 | |
= | 0.39 |
Entergy'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 |
= | (4795.411 | - | 1232.758) | / | 5541.615 | |
= | 0.64 |
* 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 Entergy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Viamontes Eliecer | other: "Officer" Under Sec. 16 Rules | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Rodriguez Deanna D. | other: "Officer" Under Sec. 16 Rules | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Ellis Brian W | director | 2200 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20037 |
Collins Kathryn A. | officer: SVP, Chief H.R. Officer | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Fontan Kimberly A. | officer: SVP, Chief Accounting Officer | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Harbert Julie E | officer: SVP, Corp Business Services | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Hyland M Elise | director | 625 LIBERTY AVENUE, SUITE 1700 C/O EQT CORPORATION PITTSBURGH PA 15222 |
Ellis David D | other: "Officer" Under Sec. 16 Rules | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVENUE, 26TH FLOOR NEW ORLEANS LA 70113 |
Landreaux Laura R | other: "Officer" Under Sec. 16 Rules | C/O ENTERGY SERVICES, INC. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Burbank John R | director | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Norgeot Peter S Jr | officer: SVP, Transformation | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVENUE, 26TH FLOOR NEW ORLEANS LA 70113 |
Rowley Andrea Lyn Coughlin | officer: SVP, Human Resources | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Riley Richard C | other: "Officer" Under Sec 16 Rules | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Bakken A. Christopher Iii | officer: EVP, Chief Nuclear Officer | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
Mitchell Timothy G | other: Acting Chief Nuclear Officer | C/O ENTERGY CORPORATION LEGAL DEPT. 639 LOYOLA AVE., 26TH FLOOR NEW ORLEANS LA 70113 |
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