Quick Ratio

The quick ratio measures a company’s ability to pay short-term debts using its most liquid assets (cash and equivalents).

MKTX currently has a quick ratio of 0.66x, meaning it holds $0.66 of liquid assets for every $1 of current liabilities — below the 1.0x threshold often considered healthy. The sector median is 0.72x, and MKTX sits at the 43rd percentile among its peers, slightly below average. The metric has been decreasing over the last eight quarters, with a quarter-over-quarter change of -97.3% (from 24.26x to 0.66x); year-over-year change is not available. Combining a low level with a steep downward trend points to increasing liquidity risk, which could pressure the stock if creditors or markets react negatively. This weakness partially contradicts the overall NEUTRAL verdict, as the deteriorating liquidity does not support a bullish case, but the classification remains appropriate because the quick ratio is still near the sector median and not in crisis territory.

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