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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. First Data's quick ratio for the quarter that ended in Jun. 2019 was 1.01.
First Data has a quick ratio of 1.01. It generally indicates good short-term financial strength.
The historical rank and industry rank for First Data's Quick Ratio or its related term are showing as below:
The historical data trend for First Data'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.
First Data Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.03 | 1.00 | 1.04 | 1.00 | 1.01 |
First Data Quarterly Data | ||||||||||||||||||||
Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
Quick Ratio | Get a 7-Day Free Trial | 1.03 | 1.02 | 1.01 | 1.01 | 1.01 |
For the Specialty Business Services subindustry, First Data'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 Business Services industry and Industrials sector, First Data's Quick Ratio distribution charts can be found below:
* The bar in red indicates where First Data'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.
First Data's Quick Ratio for the fiscal year that ended in Dec. 2018 is calculated as
Quick Ratio (A: Dec. 2018 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (14514 | - | 116) | / | 14229 | |
= | 1.01 |
First Data's Quick Ratio for the quarter that ended in Jun. 2019 is calculated as
Quick Ratio (Q: Jun. 2019 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (26958 | - | 0) | / | 26806 | |
= | 1.01 |
* 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.
First Data (NYSE:FDC) 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.
Thank you for viewing the detailed overview of First Data's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Frank Bisignano | director, officer: Chief Executive Officer | 225 LIBERTY STREET, 29TH FLOOR, NEW YORK NY 10281 |
Barbara A. Yastine | director | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Joseph J Plumeri | director | TEN TRINITY SQUARE, LONDON X0 00000 |
Michael K Neborak | officer: See remarks | MSCI INC., 88 PINE STREET, NEW YORK NY 10005 |
Adam L. Rosman | officer: See remarks | 200 LIBERTY STREET, NEW YORK NY 10281 |
James E Nevels | director | C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112 |
Whorley John F Jr | officer: Executive Vice President | C/O SLM CORP, 12061 BLUEMONT WAY, RESTON VA 20190 |
Kkr Fund Holdings Gp Ltd | 10 percent owner | 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019 |
Castro Henrique De | director | C/O YAHOO, INC., 701 FIRST AVENUE, SUNNYVALE CA 94089 |
Scott C Nuttall | director | C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001 |
Heidi Miller | director | FIRST DATA CORPORATION, 225 LIBERTY STREET, 29TH FLOOR, NEW YORK NY 10281 |
Tagar Olson | director | C/O KKR & CO. L.P., 9 W. 57TH ST., SUITE 4200, NEW YORK NY 10019 |
Christopher M Foskett | officer: See remarks | C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686 |
Kkr Group Holdings Corp. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
New Omaha Holdings L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
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