Quick Ratio

CMS’s quick ratio of 0.44x means the company has only $0.44 in liquid assets (cash, marketable securities, and receivables) for every $1 of current liabilities due within a year, signaling potential difficulty meeting short-term obligations.

This is well below the sector median of 0.72x and places CMS in the 26th percentile among peer companies, indicating weaker liquidity than most. The year-over-year change is unavailable, but the quarter-over-quarter decline of -6.4% shows the ratio is eroding from the prior 0.47x. A low quick ratio already suggests elevated short-term risk, and the recent downward trend reinforces that liquidity pressure is increasing rather than improving. This combination—a level far below peers plus a deteriorating trajectory—points to a meaningful liquidity risk that demands monitoring. The metric contradicts the overall NEUTRAL verdict, as it highlights a specific vulnerability in the stock’s financial position that warrants caution.

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