CVENEUTRAL

CVE Quick Ratio Analysis

1.03x

Updated 203h ago·SEC filings & market data

Key Takeaway

The quick ratio measures whether a company can cover immediate liabilities with its most liquid assets; at 1.03x, CVE has $1.03 of cash, marketable securities, and receivables for every $1 of short-term debt.

Sector Performance

69th percentile

CVE

1.03x

Sector Median

0.72x

Sector Avg

2.71x

Prior Period

1.00x(Jul 2026)

↑ Improving

📊

Deep Analysis

This sits above the sector median of 0.72x, placing CVE in the 69th percentile among sector peers. The trend is N/A, with both year-over-year change and quarter-over-quarter change listed as N/A, so no directional signal is available. The combination of an above-median level and unavailable trend data suggests current liquidity is adequate but does not reveal whether this position is improving or deteriorating. This supports the overall NEUTRAL verdict: the quick ratio shows no immediate liquidity stress, yet it offers no reason to upgrade or downgrade the stock.

Frequently Asked Questions

What does the Quick Ratio tell investors about CVE?

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 CVE's closest peers by Quick Ratio?

The closest peers by Quick Ratio include: MELI (0.11x), LOW (0.10x), DRI (0.09x), NCLH (0.08x), PAYC (0.08x).

📚

Learn More About Quick Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

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.