Quick Ratio
Updated 296h ago
Sector Performance
83th percentileNUE
1.39x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio, which measures a company's ability to pay short-term obligations using its most liquid assets, currently sits at 1.39x for NUE.
This is well above the sector median of 0.72x, placing the company in the 82nd percentile among its peers. However, year-over-year and quarter-over-quarter changes are both reported as N/A, meaning no historical trend data is available for comparison. With a strong liquidity level relative to the sector but no trend to confirm improvement or deterioration, the metric suggests a low immediate risk of liquidity issues. This high quick ratio supports financial stability, but the lack of a trend leaves uncertainty about whether the position is sustainable. Therefore, the metric aligns with the overall NEUTRAL verdict, as it highlights a clear strength in liquidity without evidence of momentum in either direction.
Frequently Asked Questions
What does the Quick Ratio tell investors about NUE?
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 NUE's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), NIO (0.13x), DRI (0.13x), AWK (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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1.39x
Sector Median
0.71x
Sector Avg
3.05x
How NUE's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.