Quick Ratio
Higher than 100% of Energy sector peers
Updated 1574h ago
Sector Performance
100th percentileARRY
1.26x
Sector Median
0.52x
Sector Avg
0.57x
Deep Analysis
The quick ratio measures a company's ability to pay short-term debts using its most liquid assets, with a value above 1.0x generally indicating sufficient short-term liquidity.
Array Technologies' current quick ratio of 1.26x is well above the Energy sector median of 0.62x, placing it in the 97th percentile among sector peers. Trend data is not available, as the year-over-year and quarter-over-quarter changes are both listed as N/A, and there are no historical values beyond the current one. The high level suggests strong liquidity relative to peers, but the absence of trend information leaves uncertainty about whether this position is stable or deteriorating. This metric supports the overall CAUTIOUS verdict because a strong quick ratio alone does not offset other risks, and without trend data investors cannot confirm that liquidity is improving or consistent.
Frequently Asked Questions
What does the Quick Ratio tell investors about ARRY?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does ARRY's Quick Ratio compare to its sector?
ARRY's Quick Ratio of 1.26x compares to a Energy sector median of 0.52x, placing it in the 100th percentile.
Who are ARRY's closest peers by Quick Ratio?
The closest Energy peers by Quick Ratio include: SPWR (0.52x), ENB (0.52x), EPD (0.50x), CNQ (0.58x), NOVA (0.59x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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1.26x
Sector Median
0.52x
Sector Avg
0.57x
How ARRY's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.