Quick Ratio
Updated 8h ago
Sector Performance
11th percentileCNP
0.28x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio measures a company’s ability to pay its short-term debts using its most liquid assets (cash, marketable securities, and receivables).
A value of 0.28x means CNP has only $0.28 in liquid assets for every $1 of current liabilities, indicating a tight liquidity position. This is well below the sector median of 0.71x and places CNP in the 11th percentile among its sector peers, meaning the vast majority of comparable
Frequently Asked Questions
What does the Quick Ratio tell investors about CNP?
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 CNP'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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0.28x
Sector Median
0.71x
Sector Avg
3.05x
How CNP's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.