Quick Ratio
Updated 1928h ago
Sector Performance
79th percentileELV
1.29x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
# Quick Ratio Analysis: ELV
ELV's quick ratio of 1.29x means the company has $1.29 in highly liquid assets (cash, receivables, and marketable securities) for every $1.00 of current liabilities, indicating solid short-term liquidity. This performance substantially outpaces the sector median of 0.76x, placing ELV in the 78th percentile among sector peers and suggesting stronger financial flexibility than most competitors. The ratio has remained flat at 1.29x over the last two quarters, showing stability rather than improvement or deterioration in working capital management. For investors, this above-average liquidity position reduces near-term financial stress and provides a cushion to weather operational challenges, though the stagnant trend suggests the company is neither building nor depleting its liquid reserves at present.
Frequently Asked Questions
What does the Quick Ratio tell investors about ELV?
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 ELV'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.
Master ELV's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full ELV research report →ELV
1.29x
Sector Median
0.71x
Sector Avg
3.05x
How ELV's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.