Quick Ratio Analysis of Summit Materials Inc - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Dec-23
Very Good Quick Ratio
4.62
Period Ending - Dec-22
Very Good Quick Ratio
3.15
Growth
46.54 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Indecisive Quick Ratio
1.93
Quick Ratio Analysis of Summit Materials Inc
| Quick Ratio of Summit Materials Inc with value of 4.62 indicates company has liquid assets to pay its obligations. |
| Quick Ratio of Summit Materials Inc with value of 1.93 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of SUM rose handsomely by 46.54 % this year. |
| Quick Ratio of SUM trending up for at least three Years. |
| Quick Ratio with value of 1.98 was lowest in Year Dec-19 in last Five Years. |
| Latest Quick Ratio with value of 4.62 is Greater than Average Quick Ratio of 2.82 in last five years. |
Other Quick Ratio Related Info of SUM that may interest you.
Summit Materials Inc Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| SUM | 38.64 | 38.89 | 0.643 % | Building Materials |
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 Summit Materials Inc
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Quick Ratio | 4.62 | 3.15 | 2.23 | 2.15 | 1.98 | 1.45 | 2.36 |
| Change | 46.54 % | 41.33 % | 3.79 % | 8.66 % | 36.39 % | -38.57 % | 73.13 % |
FY Chart of Quick Ratio of Summit Materials Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)