Because the ratio came out above 1, it looks like Apple was in a healthy position to cover all of its upcoming liabilities as of late March 2021. The current and quick ratios are extremely similar.

Quick Ratio vs. Current Ratio The quick ratio is more conservative ... while a lower ratio could mean it might have a hard time covering its immediate expenses. The quick ratio looks at only ...

Current liabilities = $22 million Quick ratio = $55 million / $22 million = $2.5 million. The company's quick ratio is 2.5, meaning it has more than enough capital to cover its short-term debts.

The quick ratio measures a company's liquidity ... or sometimes previous / next navigation options. A very high current ratio could mean that a company has substantial assets to cover its liabilities.

The quick ratio refines the current ratio, measuring the most liquid ... not always indicate stronger financial health, as it could mean that a company is not using its assets effectively to ...

The quick ratio compares the value of a company's most liquid assets to the value of its current liabilities so investors can get a sense of how well it can cover its expenses in the short term.