Quick Ratio
Updated 222h ago
Sector Performance
92th percentileIEX
2.18x
Sector Median
0.72x
Sector Avg
3.05x
Deep Analysis
The quick ratio measures a company’s ability to cover its short-term liabilities with its most liquid assets, excluding inventory.
With a current value of 2.18x, IEX holds more than twice the liquid assets needed to pay off near-term debts. This stands well above the sector median of 0.72x, placing the company in the 92nd percentile among its peers. However, the metric shows no year-over-year or quarter-over-quarter change, as both are reported as N/A, so there is no trend to assess. The combination of an elevated level relative to peers with no directional trend suggests a stable liquidity position that poses low short-term solvency risk but offers limited upside from further improvement. This stability supports the overall NEUTRAL verdict, as the quick ratio is neither a red flag nor a catalyst for outperformance.
Frequently Asked Questions
What does the Quick Ratio tell investors about IEX?
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 IEX'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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2.18x
Sector Median
0.72x
Sector Avg
3.05x
How IEX's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.