Quick Ratio Analysis of Summit Financial Grp Inc. - Deep Dive
WARN : Please note that some of the values may not be in base currency

Latest FY Quick Ratio
Period Ending - Dec-23

0.0177


Poor Quick Ratio
Period Ending - Dec-22
2.04

Good Quick Ratio
Growth
-99.13 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24

0.119


Poor Quick Ratio
Quick Ratio Analysis of Summit Financial Grp Inc.
Quick Ratio of Summit Financial Grp Inc. with value of 0.0177 indicates company has highly illiquid balance sheet ro pay its obligations.
Quick Ratio of Summit Financial Grp Inc. with value of 0.119 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24.
Quick Ratio of SMMF drastically fell by -99.13 % this year.
Quick Ratio with value of 20.83 was highest in Year Dec-21 in last Five Years.
Quick Ratio with value of 0.0177 was lowest in Year Dec-23 in last Five Years.
Latest Quick Ratio with value of 0.0177 is lower than Average Quick Ratio of 10.30 in last five years.
Other Quick Ratio Related Info of SMMF that may interest you.
Summit Financial Grp Inc. Overview
CodePricePrevious PricePrice ChangeSector
SMMF25.726.36 2.50 % Banks-Regional
Fundamental AnalysisTechnical Analysis
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 Related Ratios
CurrentRatioShortTermDebtToEquityRatio
Tsr Stability Index
Very Low Stability Stock
FY - Historical Quick Ratio of Summit Financial Grp Inc.
PeriodDec-23Dec-22Dec-21Dec-20Dec-19Dec-18Dec-17
Quick Ratio0.01772.0420.8318.4510.185.946.91
Change-99.13 %-90.21 %12.90 %81.25 %71.32 %-14.04 %7.79 %
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FY Chart of Quick Ratio of Summit Financial Grp Inc.


Note : All Data Generated at the End of Trading Hours (EOD Data)