Quick Ratio

The quick ratio measures a company’s ability to cover its short-term liabilities using its most liquid assets (cash, marketable securities, and receivables, excluding inventory).

At 0.82x, J has $0.82 in quick assets for every $1 of current liabilities, indicating it cannot fully cover those obligations with liquid assets alone. This ratio sits above the sector median of 0.71x, placing J in the 57th percentile among its peers, meaning it has stronger liquidity than 57% of comparable companies. The year-over-year change is not available, but the quarter-over-quarter change shows a decline of 39.3% from 1.35x to 0.82x — a steep drop in a single quarter. While the absolute level is still better than most sector peers, the sharp quarterly deterioration raises concern about a potential liquidity crunch. This combination of above-median level but worsening trend creates a mixed risk picture, neither clearly attractive nor alarming. Accordingly, the metric aligns with the overall NEUTRAL verdict, as it shows both strength versus peers and a notable downward move that warrants watching.

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