Bank of America Quick Ratio

• Annual: 1.10
• Quarterly: 0.28
• TTM: 0.28

What is the Quick Ratio?

The quick ratio, also known as the acid-test ratio, is a liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets. It excludes inventory from current assets, providing a more stringent measure than the current ratio.

Related Metrics

Other important metrics to assess Bank of America's financial health include:

• Current Ratio - measures the company's ability to pay short-term obligations with its short-term assets:
  • Annual: 1.02
  • Quarterly: 0.28
  • TTM: 0.28
• Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
  • Annual: 0.36
  • Quarterly: 0.28
  • TTM: 0.28

These metrics provide insights into Bank of America's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Bank of America Historical Quick Ratio

Historical Current Ratio

Historical Cash Ratio