Quick Ratio
Updated 29h ago
Sector Performance
32th percentileETR
0.53x
Sector Median
0.72x
Sector Avg
3.05x
Deep Analysis
The quick ratio of 0.53x means that for every $1 of short-term liabilities, the company has only $0.53 in cash, cash equivalents, and other assets that can be quickly turned into cash—a measure of near-term liquidity.
Compared to the sector median of 0.76x, ETR ranks in the 29th percentile, indicating its quick ratio is lower than 71% of peers. No trend data is available: the year-over-year change, quarter-over-quarter change, and last eight quarters are all listed as N/A, so no direction can be assessed. The combination of a low absolute level and no trend information suggests a potential liquidity risk, but without historical context it is unclear if this is deteriorating or improving. This metric supports the overall NEUTRAL verdict, as the below-median quick ratio introduces a concern that may offset other positive characteristics, justifying a cautious rather than bullish stance.
Frequently Asked Questions
What does the Quick Ratio tell investors about ETR?
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 ETR's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), AWK (0.13x), DRI (0.13x), NIO (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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0.53x
Sector Median
0.72x
Sector Avg
3.05x
How ETR's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.