Quick Ratio

With a quick ratio of 1.04x, PNR holds $1.04 in liquid assets (cash, marketable securities, receivables) for every $1 of current liabilities, indicating it can cover short-term obligations without relying on inventory sales.

Compared to sector peers, this ratio sits above the sector median of 0.75x and places PNR in the 69th percentile, meaning it has stronger short-term liquidity than about two-thirds of its industry. The year-over-year change is not available, the quarter-over-quarter change is not available, and no trend data exists for the last eight quarters, so no directional pattern can be inferred. The elevated liquidity level relative to peers suggests a low immediate default risk, but the complete absence of trend data prevents any judgment on whether that position is improving or weakening. This metric supports the overall NEUTRAL verdict—healthy liquidity is a positive, yet the lack of trend information offers no extra conviction for a bullish or bearish stance.

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