Quick Ratio
Updated 1928h ago
Sector Performance
89th percentileCTLT
1.80x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The current Quick Ratio of 1.80x means the company has $1.80 in highly liquid assets (cash, marketable securities, and receivables) for every $1.00 of current liabilities due within one year.
This indicates a strong ability to cover short-term obligations without relying on inventory sales. Among sector peers, the median Quick Ratio is 0.79x, and CTLT ranks in the 86th percentile, meaning only 14% of peers have a higher ratio. The year-over-year change and quarter-over-quarter change are both N/A, so there is no trend data available to assess direction over the last eight quarters. The high level relative to peers suggests low short-term liquidity risk, but the absence of historical trend makes it impossible to evaluate whether this position is improving or deteriorating. This combination of a strong
Frequently Asked Questions
What does the Quick Ratio tell investors about CTLT?
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 CTLT'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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1.80x
Sector Median
0.71x
Sector Avg
3.05x
How CTLT's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.