Quick Ratio Analysis of Apple Inc - Deep Dive
Latest FY Quick Ratio
Period Ending - Sep-23
Not Good Quick Ratio
0.944
Period Ending - Sep-22
Not Good Quick Ratio
0.847
Growth
11.47 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Not Good Quick Ratio
0.987
Quick Ratio Analysis of Apple Inc
Quick Ratio of Apple Inc with value of 0.987 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
Quick Ratio of AAPL has grown by 11.47 % Compared to previous Financial Year. |
Quick Ratio with value of 1.50 was highest in Year Sep-19 in last Five Years. |
Quick Ratio with value of 0.847 was lowest in Year Sep-22 in last Five Years. |
Latest Quick Ratio with value of 0.944 is lower than Average Quick Ratio of 1.13 in last five years. |
Other Quick Ratio Related Info of AAPL that may interest you.
Apple Inc Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
AAPL | 216.67 | 212.49 | 1.97 % | Consumer Electronics |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..![Quick Ratio Formula Quick Ratio Formula](https://my.stockaio.com/help/template/FinDef/EfficiencyRatios/QuickRatio.jpg)
Quick Ratio Related Ratios
CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
No Significant Stability |
FY - Historical Quick Ratio of Apple Inc
Period | Sep-23 | Sep-22 | Sep-21 | Sep-20 | Sep-19 | Sep-18 | Sep-17 |
---|---|---|---|---|---|---|---|
Quick Ratio | 0.944 | 0.847 | 1.02 | 1.33 | 1.50 | 1.09 | 1.23 |
Change | 11.47 % | -17.11 % | -22.86 % | -11.74 % | 37.73 % | -11.23 % | -7.38 % |
FY Chart of Quick Ratio of Apple Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)