Quick Ratio
Higher than 88% of Consumer Cyclical sector peers
Updated 174h ago
Sector Performance
88th percentileEVGO
1.52x
Sector Median
0.69x
Sector Avg
1.83x
Deep Analysis
EVGO's quick ratio of 1.52x means the company has $1.52 in liquid assets—cash and items that can be quickly turned into cash—for every $1 of short-term liabilities, indicating it can comfortably cover upcoming debts.
This ratio far exceeds the Consumer Cyclical sector median of 0.71x, placing EVGO in the 86th percentile among its peers, a high rank. The trend shows the year-over-year change is not available, but the quarter-over-quarter change is a +12.6% increase, improving from 1.35x to 1.52x. The combination of a high current level with an improving short-term trend suggests reduced liquidity risk, as the company is building its cash buffer relative to obligations. However, this metric alone does not contradict the overall CAUTIOUS verdict—strong liquidity can coexist with other risks such as ongoing cash burn or unprofitability that drive a cautious stance.
Frequently Asked Questions
What does the Quick Ratio tell investors about EVGO?
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.
How does EVGO's Quick Ratio compare to its sector?
EVGO's Quick Ratio of 1.52x compares to a Consumer Cyclical sector median of 0.69x, placing it in the 88th percentile.
Who are EVGO's closest peers by Quick Ratio?
The closest Consumer Cyclical peers by Quick Ratio include: PHM (0.72x), TSLA (0.60x), BOOT (0.40x), CPRI (0.39x), JACK (0.38x).
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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1.52x
Sector Median
0.69x
Sector Avg
1.83x
How EVGO's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.