Quick Ratio
Updated 200h ago
Sector Performance
70th percentileCNC
1.02x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio measures a company’s ability to pay short-term debts using its most liquid assets (cash, receivables, marketable securities) without relying on inventory sales.
CNC’s current quick ratio of 1.02x indicates it can just cover all current liabilities with liquid assets, while the sector median is 0.72x, placing CNC in the 70th percentile among peers. No year-over-year or quarter-over-quarter changes are available, and the trend over the last eight quarters cannot be determined. The combination of a level above the
Frequently Asked Questions
What does the Quick Ratio tell investors about CNC?
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 CNC's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), NIO (0.13x), DRI (0.13x), AWK (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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1.02x
Sector Median
0.71x
Sector Avg
3.05x
How CNC's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.