Quick Ratio Analysis of Timken Company - Deep Dive
Latest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.955
Period Ending - Dec-22
Indecisive Quick Ratio
1.30
Growth
-26.31 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Indecisive Quick Ratio
1.02
Quick Ratio Analysis of Timken Company
Quick Ratio of Timken Company with value of 1.02 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
Quick Ratio of TKR drastically fell by -26.31 % this year. |
Quick Ratio with value of 1.40 was highest in Year Dec-19 in last Five Years. |
Quick Ratio with value of 0.955 was lowest in Year Dec-23 in last Five Years. |
Latest Quick Ratio with value of 0.955 is lower than Average Quick Ratio of 1.20 in last five years. |
Other Quick Ratio Related Info of TKR that may interest you.
Timken Company Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
TKR | 80.65 | 83.62 | 3.55 % | Tools & Accessories |
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 Timken Company
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
Quick Ratio | 0.955 | 1.30 | 1.31 | 1.06 | 1.40 | 1.31 | 1.13 |
Change | -26.31 % | -0.705 % | 22.90 % | -24.21 % | 6.61 % | 16.03 % | -22.06 % |
FY Chart of Quick Ratio of Timken Company
Note : All Data Generated at the End of Trading Hours (EOD Data)