Quick Ratio Analysis of Unity Bancorp Inc - Deep Dive


Latest FY Quick Ratio
Period Ending - Dec-23

0.274


Poor Quick Ratio
Period Ending - Dec-22
0.142

Poor Quick Ratio
Growth
93.37 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24

0.543


Not Good Quick Ratio
Quick Ratio Analysis of Unity Bancorp Inc
Quick Ratio of Unity Bancorp Inc with value of 0.274 indicates company has highly illiquid balance sheet ro pay its obligations.
Quick Ratio of Unity Bancorp Inc with value of 0.543 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24.
Quick Ratio of UNTY rose handsomely by 93.37 % this year.
Quick Ratio with value of 46.49 was highest in Year Dec-20 in last Five Years.
Quick Ratio with value of 0.142 was lowest in Year Dec-22 in last Five Years.
Latest Quick Ratio with value of 0.274 is lower than Average Quick Ratio of 17.35 in last five years.
Other Quick Ratio Related Info of UNTY that may interest you.
Unity Bancorp Inc Overview
CodePricePrevious PricePrice ChangeSector
UNTY27.9827.43 2.01 % 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
Poor Stability Stock
FY - Historical Quick Ratio of Unity Bancorp Inc
PeriodDec-23Dec-22Dec-21Dec-20Dec-19Dec-18Dec-17
Quick Ratio0.2740.14238.7746.491.051.041.03
Change93.37 %-99.63 %-16.60 %4328.30 %0.747 %1.66 %-1.60 %
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FY Chart of Quick Ratio of Unity Bancorp Inc


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