Quick Ratio

The quick ratio measures a company’s ability to cover short-term liabilities with its most liquid assets, excluding inventory.

FLNC’s current ratio of 0.40x means it has only 40 cents in cash and near-cash for every dollar of debt due within a year. This sits just above the sector median of 0.39x, placing the company at the 60th percentile among utility peers. Year-over-year data is not available, but quarter-over-quarter the quick ratio fell 45.2% from 0.73x to 0.40x, indicating a sharp recent deterioration in liquidity. A ratio near the sector median but with a steep decline suggests rising short-term financial pressure, increasing the risk of difficulty meeting obligations without external funding. This metric directly supports the CAUTIOUS verdict, as the combination of an already thin liquidity buffer and a rapidly worsening trend points to elevated vulnerability.

Frequently Asked Questions

Closest Sector Peers