Quick Ratio
Updated 32h ago
Sector Performance
98th percentileCPRT
6.05x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio of 6.05x means CPRT has $6.05 in highly liquid assets—like cash and receivables—for every $1 of short-term liabilities, signaling strong ability to meet near-term obligations.
This far exceeds the sector median of 0.72x, placing CPRT in the 98th percentile among peers. The metric has remained stable over the last eight quarters, though the quarter-over-quarter change shows a decline of 17.0% (year-over-year change is not available). While the absolute level is exceptionally high, the recent drop indicates the company may be deploying excess liquidity or facing a temporary shift. This combination suggests low immediate risk of liquidity stress but also no obvious catalyst for improved financial efficiency. The extreme quick ratio and its stability support the overall NEUTRAL verdict, as the metric confirms strong solvency without hinting at upside or downside momentum.
Frequently Asked Questions
What does the Quick Ratio tell investors about CPRT?
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 CPRT'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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6.05x
Sector Median
0.71x
Sector Avg
3.05x
How CPRT's Quick Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.