BAC Quick Ratio Analysis
Higher than 5% of Financial Services sector peers
Updated 2065h ago·SEC filings & market data
Key Takeaway
The quick ratio measures a company’s ability to cover its short-term liabilities with its most liquid assets; Bank of America’s current 0.12x means it has only $0.12 in liquid assets for every $1 of short-term debt.
Sector Performance
5th percentileBAC
0.12x
Sector Median
0.45x
Sector Avg
3.69x
Deep Analysis
The quick ratio measures a company’s ability to cover its short-term liabilities with its most liquid assets; Bank of America’s current 0.12x means it has only $0.12 in liquid assets for every $1 of short-term debt.
This is far below the financial services sector median of 0.59x, placing BAC in the 3rd percentile among peers. No trend data is available: the year-over-year and quarter-over-quarter changes are both listed as N/A, and historical values are limited to the single 0.12x figure. The extremely low level, combined with no trend to assess direction, points to a liquidity risk that could amplify downside in a stress scenario. This metric directly contradicts the overall BULLISH verdict, as such a weak quick ratio typically signals heightened short-term financial vulnerability.
Frequently Asked Questions
What does the Quick Ratio tell investors about BAC?
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 BAC's Quick Ratio compare to its sector?
BAC's Quick Ratio of 0.12x compares to a Financial Services sector median of 0.45x, placing it in the 5th percentile.
Who are BAC's closest peers by Quick Ratio?
The closest Financial Services peers by Quick Ratio include: NAVI (0.45x), PFG (0.44x), RJF (0.37x), PNC (0.35x), COF (0.35x).
Learn More About Quick Ratio
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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0.12x
Sector Median
0.45x
Sector Avg
3.69x
How BAC's Quick Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.