The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Quest Resource Holding's quick ratio for the quarter that ended in Dec. 2023 was 1.35.
Quest Resource Holding has a quick ratio of 1.35. It generally indicates good short-term financial strength.
The historical rank and industry rank for Quest Resource Holding's Quick Ratio or its related term are showing as below:
QRHC'
s Quick Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.31 Max: 1.52
Current: 1.35
During the past 13 years, Quest Resource Holding's highest Quick Ratio was 1.52. The lowest was 1.04. And the median was 1.31.
QRHC's Quick Ratio is ranked better than 53.91% of 243
companies
in the Waste Management industry
Industry Median: 1.28
vs QRHC: 1.35
Quest Resource Holding Quick Ratio Historical Data
The historical data trend for Quest Resource Holding's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Quest Resource Holding Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
1.38
1.51
1.33
1.52
1.35
Quest Resource Holding Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
1.52
1.48
1.25
1.20
1.35
Competitive Comparison
For the Waste Management subindustry, Quest Resource Holding's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Quest Resource Holding Quick Ratio Distribution
For the Waste Management industry and Industrials sector, Quest Resource Holding's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Quest Resource Holding's Quick Ratio falls into.
Quest Resource Holding Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Quest Resource Holding's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Quest Resource Holding (NAS:QRHC) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Quest Resource Holding Quick Ratio Related Terms
Thank you for viewing the detailed overview of Quest Resource Holding's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Quest Resource Holding (Quest Resource Holding) Business Description
Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from big box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
QRHC has been successfully added to your 