TAP Quick Ratio Analysis
Updated 5h ago·SEC filings & market data
Key Takeaway
A quick ratio of 0.23x means TAP has only $0.23 in highly liquid assets—like cash, marketable securities, and receivables—for every $1 of current liabilities due within a year, so it may struggle to cover short-term obligations.
Sector Performance
39th percentileTAP
0.60x
Sector Median
0.72x
Sector Avg
2.70x
Prior Period
0.23x(Aug 2026)
Deep Analysis
A quick ratio of 0.23x means TAP has only $0.23 in highly liquid assets—like cash, marketable securities, and receivables—for every $1 of current liabilities due within a year, so it may struggle to cover short-term obligations.
This sits far below the sector median of 0.71x, and TAP ranks at the 8th percentile among peers, meaning most comparable companies maintain much stronger liquidity. The trend is N/A, with both year-over-year change and quarter-over-quarter change listed as N/A, so no direction can be inferred from prior periods. Because the level is very low and no improving trend offsets it, the current ratio points to elevated near-term liquidity risk rather than an opportunity. This metric directly supports the overall CAUTIOUS verdict, as a 0.23x quick ratio leaves little margin for unexpected cash demands.
Frequently Asked Questions
What does the Quick Ratio tell investors about TAP?
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 TAP's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: MRNA (0.69x), OMC (0.67x), KO (0.66x), SIEGY (0.64x), LW (0.60x).
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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0.60x
Sector Median
0.72x
Sector Avg
2.70x
How TAP's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.