Wells Fargo & (WFC) Quick Ratio
Market Cap: $221.09B
Avg Volume: 17.19M
Industry: Banks - Diversified
Sector: Financial Services
Wells Fargo & Quick Ratio
- Annual: 8.96
- Quarterly: 0.29
- TTM: 0.29
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 Wells Fargo &'s financial health include:
- Current Ratio - measures the company's ability to pay short-term obligations with its short-term assets:
- Annual: 1.59
- Quarterly: 0.29
- TTM: 0.29
- Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
- Annual: 3.33
- Quarterly: 0.29
- TTM: 0.29
These metrics provide insights into Wells Fargo &'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
8.96
Quarterly Quick Ratio
0.29
TTM Quick Ratio
0.29
Wells Fargo & Historical Quick Ratio
Historical Current Ratio
Historical Cash Ratio
Wells Fargo & 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 | 8.96 | 1.59 | 3.33 |
2022 | 12.86 | 5.62 | 3.11 |
2021 | 25.20 | 12.39 | 6.81 |
2020 | 16.49 | 8.49 | 4.49 |
2019 | 7.75 | 4.06 | 1.35 |
2018 | 43.58 | 17.85 | 12.97 |
2017 | 35.99 | 6.21 | 14.82 |
2016 | 4.60 | 0.48 | 0.21 |
2015 | 3.06 | 3.06 | 0.20 |
2014 | 4.55 | 4.55 | 0.31 |