JPMorgan Chase & (JPM) Quick Ratio
Market Cap: $638.11B
Avg Volume: 8.63M
Industry: Banks - Diversified
Sector: Financial Services
JPMorgan Chase & Quick Ratio
- Annual: 80.63
- Quarterly: 7.89
- TTM: 7.89
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 JPMorgan Chase &'s financial health include:
- Current Ratio - measures the company's ability to pay short-term obligations with its short-term assets:
- Annual: 39.12
- Quarterly: 2.44
- TTM: 2.44
- Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
- Annual: 13.96
- Quarterly: 1.19
- TTM: 1.19
These metrics provide insights into JPMorgan Chase &'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.
Annual Quick Ratio
80.63
Quarterly Quick Ratio
7.89
TTM Quick Ratio
7.89
JPMorgan Chase & Historical Quick Ratio
Historical Current Ratio
Historical Cash Ratio
JPMorgan Chase & Historical Ratios
The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2023.
Year | Quick Ratio | Current Ratio | Cash Ratio |
---|---|---|---|
2023 | 80.63 | 39.12 | 13.96 |
2022 | 9.57 | 4.79 | 1.65 |
2021 | 11.03 | 5.52 | 2.34 |
2020 | 11.36 | 5.68 | 1.90 |
2019 | 9.05 | 4.52 | 1.05 |
2018 | 13.33 | 6.52 | 1.51 |
2017 | 58.54 | 22.87 | 8.30 |
2016 | 251.35 | 97.19 | 33.19 |
2015 | 4.31 | 4.31 | 23.17 |
2014 | 3.51 | 3.51 | 1.87 |