Quick Ratio

The quick ratio measures a company's ability to pay current liabilities with its most liquid assets—cash, marketable securities, and receivables—excluding inventory.

FE's current quick ratio of 0.19x means it has only $0.19 of liquid assets for every $1 of short-term obligations, indicating a thin liquidity buffer. This ratio lands well below the sector median of 0.71x, placing FE in the 7th percentile among peers, meaning 93% of sector companies have higher liquidity. No historical data is available, so the year-over-year change, quarter-over-quarter change, and trend direction over the last eight quarters are all listed as N/A; therefore, no trend can be assessed. The combination of a very low quick ratio with no trend information suggests elevated short-term liquidity risk, though the absence of a declining trend means the risk is static rather than worsening. This metric contradicts the overall NEUTRAL verdict because such a low quick ratio relative to peers often signals a higher level of financial stress that would typically warrant a more cautious view.

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