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Quick Ratio

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Analysis

How does Amneal Pharma A's Quick Ratio benchmark against competitors?

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We've identified the following companies as similar to Amneal Pharmaceuticals Inc Class A because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Quick Ratio

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quick_ratio
Slug
number
Datatype
x.x
Format
Q
Default Period
FY, Q
Periods Supported
Free
Plan

Data is returned as a standard number. Suggested format is a multiple (e.g 7.0x).

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Quick Ratio in the risk category include:

  • Cash Flow to Liabilities - A ratio that measures the amount of operating cash flow a firm generates on each dollar of total liabilities.
  • Beta (1 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. Beta (1 Year) is calculated using one year of weekly returns.
  • Degree of Financial Leverage (DFL) - The degree of financial leverage measures the sensitivity of a company's earnings per share to fluctuations in operating income, as a result of changes in its capital structure.
  • Beta (5 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. A beta of 1.0 means that the company rises and falls in direct relationship to the movement of the benchmark index. A beta that is less than 1 indicates a stock that is less volatile than the overall market and a beta greater than 1 indicates that the stock is more volatile.
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Quick Ratio

A ratio used to assess a company's short-term liquidity.

Definition of Quick Ratio

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Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:

(Cash & ST Investments
  (+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio

Quick Ratio for Amneal Pharmaceuticals is calculated as follows:

(Cash & ST Investments [ 112.4 M ]
  (+) Accounts Receivable [ 775.7 M ]
(/) Current Liabilities [ 1.13 B ]
(=) Quick Ratio [ 0.8x ]

The tables below summarizes the trend in Amneal Pharmaceuticals’s quick ratio over the last five years:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2020-12-31 343.1 M 639 M 676.9 M 1.5x
2021-12-31 249 M 662.6 M 677.2 M 1.3x
2022-12-31 27.797 M 741.8 M 752.8 M 1.0x
2023-12-31 93.742 M 613.7 M 846.6 M 0.8x
2024-12-31 112.4 M 775.7 M 1.13 B 0.8x

The tables below summarizes the trend in Amneal Pharmaceuticals’s quick ratio over the last four quarters:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2024-03-31 48.455 M 669 M 834.4 M 0.9x
2024-06-30 47.215 M 769.9 M 1.114 B 0.7x
2024-09-30 77.257 M 748.1 M 1.095 B 0.8x
2024-12-31 112.4 M 775.7 M 1.13 B 0.8x

Read more on Wikipedia: Quick Ratio


Click the link below to download a spreadsheet with an example Quick Ratio calculation for Amneal Pharmaceuticals Inc Class A below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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0.5x6.5x12.5x23.1x0100200300

The chart above depicts the distribution of quick ratio for companies operating in the Healthcare sector in the Developed economic region. Over 2,460 companies were considered in this analysis, and 2,364 had meaningful values. The average quick ratio of companies in the sector is 3.2x with a standard deviation of 4.2x.

Amneal Pharmaceuticals Inc Class A's Quick Ratio of 0.8x ranks in the 30.2% percentile for the sector. The following table provides additional summary stats:

Quick Ratio In The Healthcare Sector
Economic Risk RegionDeveloped
Total Constituents2,462
Included Constituents2,364
Min0.0x
Max23.1x
Median1.5x
Mean3.2x
Standard Deviation4.2x

You can find companies with similar quick ratio using this stock screener.

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