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CommScope Holding Company, Inc. provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates in three segments: Connectivity and Cable ...
The following section summarizes insights on Commscope Hlding's Quick Ratio:
We've identified the following companies as similar to Commscope Hlding 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.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
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 CommScope is calculated as follows:
(Cash & ST Investments [ 564.9 M ]
(+) Accounts Receivable [ 677.3 M ]
(/) Current Liabilities [ 1.23 B ]
(=) Quick Ratio [ 1.0x ]
The tables below summarizes the trend in CommScope’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-12-31 | 521.9 M | 1.487 B | 1.953 B | 1.0x |
| 2021-12-31 | 360.3 M | 1.436 B | 2.183 B | 0.8x |
| 2022-12-31 | 373 M | 1.147 B | 2.107 B | 0.7x |
| 2023-12-31 | 500.3 M | 576 M | 1.405 B | 0.8x |
| 2024-12-31 | 564.9 M | 677.3 M | 1.23 B | 1.0x |
The tables below summarizes the trend in CommScope’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 357.2 M | 824.2 M | 1.049 B | 1.1x |
| 2024-06-30 | 345.9 M | 975.6 M | 2.473 B | 0.5x |
| 2024-09-30 | 392.1 M | 656.9 M | 2.451 B | 0.4x |
| 2024-12-31 | 564.9 M | 677.3 M | 1.23 B | 1.0x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Information Technology sector in the Developed economic region. Over 2,515 companies were considered in this analysis, and 2,421 had meaningful values. The average quick ratio of companies in the sector is 1.9x with a standard deviation of 1.9x.
Commscope Hlding's Quick Ratio of 1.0x ranks in the 38.2% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,520 |
| Included Constituents | 2,421 |
| Min | 0.0x |
| Max | 12.6x |
| Median | 1.3x |
| Mean | 1.9x |
| Standard Deviation | 1.9x |
You can find companies with similar quick ratio using this stock screener.