Quick Ratio
Updated 103h ago
Sector Performance
81th percentileSWKS
1.33x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio of 1.33x means the company has $1.33 in highly liquid assets—like cash and accounts receivable—for every $1 of short-term liabilities, indicating strong near-term liquidity.
This ratio sits well above the sector median of 0.71x, placing SWKS in the 81st percentile among its peers. The metric shows no year-over-year change, but quarter-over-quarter it slipped 0.7% from 1.34x to 1.33x, marking a minor decline. While the high absolute level suggests a low risk of liquidity trouble, the recent downward shift introduces a slight headwind. This combination of a strong level with a small negative trend tempers the positive signal, implying a cautious opportunity rather than a clear green light. Overall, the quick ratio supports the CAUTIOUS verdict: the elevated level confirms solid balance-sheet health, but the declining trend justifies restraint.
Frequently Asked Questions
What does the Quick Ratio tell investors about SWKS?
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 SWKS'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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1.33x
Sector Median
0.71x
Sector Avg
3.05x
How SWKS's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.