Quick Ratio Analysis of Bank of America Corp. (PFD- SS) - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Dec-23
Indecisive Quick Ratio
1.10
Period Ending - Dec-22
Excellent Quick Ratio
15.96
Growth
-93.14 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Indecisive Quick Ratio
1.42
Quick Ratio Analysis of Bank of America Corp. (PFD- SS)
| Quick Ratio of Bank of America Corp. (PFD- SS) with value of 1.42 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of BAC-PS drastically fell by -93.14 % this year. |
| Quick Ratio with value of 100.79 was highest in Year Dec-20 in last Five Years. |
| Quick Ratio of BAC-PS trending down for at least three Years. |
| Latest Quick Ratio with value of 1.10 is lower than Average Quick Ratio of 54.50 in last five years. |
Other Quick Ratio Related Info of BAC-PS that may interest you.
Bank of America Corp. (PFD- SS) Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| BAC-PS | 20.7 | 20.75 | 0.241 % | Banks-Diversified |
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 Related Ratios
| CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
| Very Low Stability Stock | |
FY - Historical Quick Ratio of Bank of America Corp. (PFD- SS)
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Quick Ratio | 1.10 | 15.96 | 82.65 | 100.79 | 72.02 | 86.12 | 70.72 |
| Change | -93.14 % | -80.69 % | -17.99 % | 39.94 % | -16.37 % | 21.78 % | -23.20 % |
FY Chart of Quick Ratio of Bank of America Corp. (PFD- SS)
Note : All Data Generated at the End of Trading Hours (EOD Data)