Quick Ratio

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

JKHY’s current ratio of 0.91x means it has $0.91 in liquid assets for every $1.00 of current liabilities, a level below 1.0 that indicates a slight shortfall if all debts came due at once. That figure sits above the sector median of 0.75x, placing JKHY in the 60th percentile among its peers, which is a relatively better liquidity position versus half the sector. Over the last eight quarters the trend has been decreasing, though quarter-over-quarter the metric rose 2.2% from 0.89x to 0.91x; year-over-year change is not available. The combination of a modestly below‑1.0 level with a recent uptick suggests near‑term liquidity risk is limited but not absent — the improving quarter trend offsets some of the longer‑term decline. This metric supports the overall NEUTRAL verdict because the quick ratio is neither dangerously low (above the sector median) nor strongly improving, aligning with a balanced risk‑opportunity profile.

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