Quick Ratio
Higher than 50% of TECHNOLOGY sector peers
Updated 60h ago
Sector Performance
50th percentileNOW
0.44x
Sector Median
0.44x
Sector Avg
0.88x
Deep Analysis
The quick ratio of 0.44x means the company has only $0.44 of liquid assets (cash, marketable securities, receivables) for every $1 of current liabilities due within a year—a low cushion that signals potential short-term liquidity strain.
Compared to sector peers, this value exactly matches the TECHNOLOGY sector median of 0.44x, placing the company at the 50th percentile—neither better nor worse than the typical peer. No trend data is available: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and no historical values beyond the current 0.44x exist to assess direction. The combination of a low ratio at the sector median with no trend history means there is no evidence of improvement or deterioration, leaving the risk level unclear but not outright alarming relative to peers. This metric supports the CAUTIOUS verdict because, even at the sector median, a quick ratio of 0.44x is low in absolute terms and indicates limited ability to cover short-term obligations, reinforcing a cautious stance.
Frequently Asked Questions
What does the Quick Ratio tell investors about NOW?
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.
How does NOW's Quick Ratio compare to its sector?
NOW's Quick Ratio of 0.44x compares to a TECHNOLOGY sector median of 0.44x, placing it in the 50th percentile.
Who are NOW's closest peers by Quick Ratio?
The closest TECHNOLOGY peers by Quick Ratio include: CSCO (0.34x), TXN (1.87x).
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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NOW
0.44x
Sector Median
0.44x
Sector Avg
0.88x
How NOW's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.