S&P 500 Aggregate Quick Ratio

Live value temporarily unavailable.

Source: Company filings (aggregated)

Data updated daily

What it measures

The S&P 500 quick ratio measures aggregate liquid current assets — cash, short-term investments, and receivables, excluding inventories — relative to aggregate current liabilities for index constituents. By removing inventories from the numerator, it tests whether the index can meet short-term obligations without relying on selling stock. A reading of 1.1x means S&P 500 companies hold $1.10 of quickly-convertible assets for every $1.00 of current obligations.

Why it matters

The quick ratio is a more conservative liquidity test than the current ratio because inventories can be slow or difficult to liquidate at fair value under stress. In a credit crunch or demand shock scenario, receivables and cash are the true liquid assets. A quick ratio comfortably above 1.0x signals that the index can meet near-term obligations even if inventories were completely written off. Divergence between the current ratio and quick ratio — one rising while the other falls — pinpoints whether liquidity changes are driven by inventory dynamics or by cash and receivables.

How it is calculated

Quick Ratio = Σ (Cash + Short-term Investments + Receivables) ÷ Σ Current Liabilities

LENSE computes the S&P 500 quick ratio as the aggregate of cash, short-term investments, and net receivables divided by aggregate current liabilities — not a simple average of per-company ratios. All figures are sourced from the most recently reported quarter-end balance sheets using as-reported data. Constituents with zero current liabilities are excluded from the denominator. Constituents with NaN values for any component arising from zero-liability denominators are filtered before aggregation. Index constituency is resolved point-in-time using point-in-time index constituency.

Recent (monthly)

Recent data unavailable.

Data source: Company filings (aggregated). Computed and published by LENSE Analytics.