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. Nimble Storage's quick ratio for the quarter that ended in Jan. 2017 was 1.77.
Nimble Storage has a quick ratio of 1.77. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nimble Storage's Quick Ratio or its related term are showing as below:
NMBL's Quick Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.47 * Ranked among companies with meaningful Quick Ratio only.
Nimble Storage Quick Ratio Historical Data
The historical data trend for Nimble Storage'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.
Competitive Comparison of Nimble Storage's Quick Ratio
For the Computer Hardware subindustry, Nimble Storage'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.
Nimble Storage's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Nimble Storage's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nimble Storage's Quick Ratio falls into.
Nimble Storage 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.
Nimble Storage's Quick Ratio for the fiscal year that ended in Jan. 2017 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.
Nimble Storage (NYSE:NMBL) 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.
Nimble Storage Quick Ratio Related Terms
Thank you for viewing the detailed overview of Nimble Storage's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nimble Storage (Nimble Storage) Business Description
Nimble Storage Inc was incorporated in the state of Delaware in November 2007. The Company designs and sells a flash-optimized storage platform; comprised of a Unified Flash Fabric that provides single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays and InfoSight predictive analytics with integrated support and service offerings. It enables IT organizations to optimize performance, capacity and cost for all applications running across the data center and maintain a 99.9997% measured uptime with InfoSight cloud-based management software. Adaptive Flash that it believes is disrupting the market by enabling improvements in application performance and storage capacity with superior data protection, while simplifying business operations and lowering costs. With the combination of the Company's file system, CASL, and its cloud-based storage management and support service, InfoSight, the Company's platform serves a broad array of enterprises and cloud-based service providers, and the Company's software and storage systems effectively handle mainstream applications, including virtual desktops, databases, email, collaboration and analytics. Its storage systems are optimized for the mainstream IT applications used by mid-sized enterprises, large enterprises and cloud-based service providers. The Company offers a CS-Series of systems with a range of capacities and processing power. Its systems provide adaptive performance for high-I/O applications and high-capacity environments, including Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, or VDI, and server virtualization. The Company packages its CASL file system software with all of its systems and offer InfoSight as a service to all its customers. Its products include CS210, CS215, CS300, CS500, CS700, ES-1 Expansion Shelves and All-Flash Shelf. Its contract manufacturer generally procures the components used in its products directly from third-party suppliers. Its marketing strategies include product marketing, programs marketing, field marketing, channel marketing, and public relations functions. Marketing activities include demand generation, advertising, managing its partner portal, trade shows and conferences, press and analyst relations, and customer awareness. The Company competes to a lesser extent with a number of other smaller companies and certain well-established companies. Its competitors fall into two categories which includes large storage system vendors such as EMC and NetApp that offer a broad portfolio of storage systems targeting varied use cases and end markets; and large systems companies such as Dell and HP that have acquired specialist storage vendors in recent years to complement their internally-developed storage offerings and have the technical and financial resources to bring competitive products to the market. The Company have registered the trademark Nimble Storage in the Un
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