Quick Ratio
Updated 414h ago
Sector Performance
43th percentileCE
0.66x
Sector Median
0.72x
Sector Avg
3.05x
Deep Analysis
The quick ratio measures a company's ability to cover its short-term obligations using only its most liquid assets (like cash and receivables), and a value of 0.66x indicates it has $0.66 in liquid assets for every $1 of current liabilities.
This ratio sits below the sector median of 0.73x, placing CE in the 43rd percentile among its industry peers. While year-over-year change is not available, the quick ratio dropped 17.5% quarter-over-quarter from 0.80x to 0.66x. The combination of a level already below the sector median and a sharp quarterly decline points to increased near-term liquidity risk that investors should monitor. This metric supports the overall NEUTRAL verdict by highlighting a specific weakness that tempers any upside outlook, without triggering a full bearish stance.
Frequently Asked Questions
What does the Quick Ratio tell investors about CE?
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.
Who are CE's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), AWK (0.13x), DRI (0.13x), NIO (0.13x), SRE (0.11x).
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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0.66x
Sector Median
0.72x
Sector Avg
3.05x
How CE's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.