Quick Ratio
Higher than 19% of Technology sector peers
Updated 18h ago
Sector Performance
19th percentileBR
0.85x
Sector Median
1.42x
Sector Avg
14.93x
Deep Analysis
Broadridge Financial Solutions' quick ratio of 0.85x means the company has $0.85 of cash, marketable securities, and receivables for every $1 of short-term liabilities, indicating a lower buffer to pay immediate debts without selling inventory.
This ratio sits well below the technology sector median of 1.29x, placing Broadridge in the 13th percentile — meaning 87% of sector peers have a higher quick ratio. The metric has been perfectly stable, with year-over-year change of +0.0%, quarter-over-quarter change of +0.0%, and an identical 0.85x value in each of the last eight quarters. The combination of a low absolute level and a flat trend suggests that while Broadridge consistently operates with less liquid coverage than most technology peers, the lack of deterioration reduces the risk of a sudden liquidity crunch. Still, a ratio below 1.0x leaves little margin for error if short-term obligations rise or cash inflows slow. This metric mildly contradicts the overall NEUTRAL verdict because the below-median quick ratio points to higher liquidity risk,
Frequently Asked Questions
What does the Quick Ratio tell investors about BR?
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 BR's Quick Ratio compare to its sector?
BR's Quick Ratio of 0.85x compares to a Technology sector median of 1.42x, placing it in the 19th percentile.
Who are BR's closest peers by Quick Ratio?
The closest Technology peers by Quick Ratio include: DBX (1.16x), WIX (1.10x), ASAN (1.09x), PTC (1.06x), MSFT (1.01x).
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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0.85x
Sector Median
1.42x
Sector Avg
14.93x
How BR's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.