Quick Ratio Analysis of Southern States Bancshares Inc - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.565
Period Ending - Dec-22
Poor Quick Ratio
0.154
Growth
267.09 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Indecisive Quick Ratio
1.18
Quick Ratio Analysis of Southern States Bancshares Inc
| Quick Ratio of Southern States Bancshares Inc with value of 1.18 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of SSBK rose handsomely by 267.09 % this year. |
| Quick Ratio with value of 140.58 was highest in Year Dec-20 in last Five Years. |
| Quick Ratio with value of 0.154 was lowest in Year Dec-22 in last Five Years. |
| Latest Quick Ratio with value of 0.565 is lower than Average Quick Ratio of 51.86 in last five years. |
Other Quick Ratio Related Info of SSBK that may interest you.
Southern States Bancshares Inc Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| SSBK | 25.63 | 26.12 | 1.88 % | Banks-Regional |
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
| Low Stability Stock | |
FY - Historical Quick Ratio of Southern States Bancshares Inc
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 |
|---|---|---|---|---|---|---|
| Quick Ratio | 0.565 | 0.154 | 0.987 | 140.58 | 117.00 | 241.90 |
| Change | 267.09 % | -84.39 % | -99.30 % | 20.15 % | -51.63 % |
FY Chart of Quick Ratio of Southern States Bancshares Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)