Quick ratio

One of the 64 measures in Stock Scorer, under Resilience — Can the balance sheet absorb a bad year?

How it is worked out

(Current assets − inventory) ÷ current liabilities

The current ratio with the stock still to be sold taken out, since inventory may not turn into cash quickly. Also called the acid test. Stricter than the current ratio above, which excludes deferred revenue instead.

How to read it

the current ratio without the stock that has still to be sold. Unlike the current ratio above it keeps deferred revenue in the liabilities, so it is the stricter of the two

Highest on this measure

#	Company	Quick ratio
1	CLDN.L CALEDONIA INVESTMENTS PLC	38.51 x
2	LGND LIGAND PHARMACEUTICALS INCORPORATED	30.96 x
3	BLSH Bullish	29.28 x
4	DOMH Dominari Holdings Inc.	27.54 x
5	UUUU ENERGY FUELS INC.	25.87 x
6	USLM UNITED STATES LIME & MINERALS INC	25.78 x
7	PTGX Protagonist Therapeutics, Inc	21.71 x
8	LKFT GALAPAGOS NV	20.00 x

The fifty highest on this measure, worked out from the same filings.

Which figures it needs

Computed from 3 figures taken from the filing:

current_assets
inventory
current_liabilities

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

AssetsCurrent
CurrentAssets
CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners
InventoryNet
InventoryFinishedGoodsNetOfReserves
Inventories
LiabilitiesCurrent
CurrentLiabilities
CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale

Whether it counts

This measure is not counted by default. It can be added to Resilience on the dashboard, and it then takes its share of that dimension.