ON Quick Ratio Analysis
Updated 1179h ago·SEC filings & market data
Key Takeaway
The quick ratio shows whether a company can pay short-term bills using only its most liquid assets, and ON's current 2.10x means it holds $2.10 of cash and equivalents for every $1 of current liabilities.
Sector Performance
90th percentileON
2.10x
Sector Median
0.71x
Sector Avg
2.67x
Prior Period
2.42x(Aug 2026)
Deep Analysis
The quick ratio shows whether a company can pay short-term bills using only its most liquid assets, and ON's current 2.10x means it holds $2.10 of cash and equivalents for every $1 of current liabilities.
That level far exceeds the sector median of 0.72x, placing ON in the 91st percentile among peers. The year-over-year change is not available, and the trend direction over the last eight quarters is also not available; however, the quarter-over-quarter change shows a 13.2% decline from 2.42x to 2.10x. The combination of a very high liquidity level with a recent downward move indicates that ON has ample short-term safety, but its cushion
Frequently Asked Questions
What does the Quick Ratio tell investors about ON?
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.
Learn More About Quick Ratio
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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2.10x
Sector Median
0.71x
Sector Avg
2.67x
How ON's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.