Quick Ratio (Historical) Formula in Excel

Understanding Quick Ratio (Historical)

The Quick Ratio, also known as the Acid-Test Ratio, indicates a company’s ability to cover short-term liabilities using only its most liquid assets (e.g., cash, marketable securities, and receivables). With MarketXLS, you can quickly retrieve and analyze the Quick Ratio for a company's historical periods directly in your Excel worksheet.

• Gain insights into a company’s short-term financial health.
• Compare liquidity across multiple symbols effortlessly.
• Make data-driven decisions faster.

Syntax and Parameters

Use the function in Excel as follows:

=hf_Quick_Ratio(Symbol, Year, [Quarter], [TTM])

?? Note:
If an invalid symbol is used or there’s a licensing issue, this function returns "NA".

Return Value:
• Returns the Quick Ratio (numeric) for the specified historical period.
• If data is unavailable or invalid parameters are provided, returns "NA".

Examples and Usage

Below are practical examples demonstrating how to fetch Quick Ratio data using different date formats.

1. Referencing a cell for the year:

   =hf_Quick_Ratio("MSFT", A1)

2. Providing a direct date string (if your workbook uses custom date logic):

   =hf_Quick_Ratio("MSFT", "2023")

3. Using an Excel date function to format the year:

   =hf_Quick_Ratio("MSFT", TEXT(A1,"yyyy"))

4. Retrieving Quick Ratio for a specified quarter:

   =hf_Quick_Ratio("MSFT", 2022, 2)

5. Fetching Quick Ratio for the trailing twelve months (TTM):

   =hf_Quick_Ratio("MSFT", 2022, 3, "TTM")

6. Using shortcuts for last quarter/year and offsets:

   • Last quarter:

     =hf_Quick_Ratio("MSFT", "lq")

   • Last quarter minus one:

     =hf_Quick_Ratio("MSFT", "lq-1")

   • Last year:

     =hf_Quick_Ratio("MSFT", "ly")

   • Last year minus one:

     =hf_Quick_Ratio("MSFT", "ly-1")

   • Last 12 months (LT):

     =hf_Quick_Ratio("MSFT", "lt")

   • Previous last 12 months:

     =hf_Quick_Ratio("MSFT", "lt-1")

? Pro Tip: Combine this function with MarketXLS sampling tools to compare liquidity trends across multiple stocks or time frames in one spreadsheet.

Common Questions

1. What does the Quick Ratio show?

It illustrates a company’s capability to meet its short-term obligations using readily available (liquid) assets.

2. Why am I getting "NA" as a result?

"NA" appears when invalid parameters (like symbol or date) are used or the license/subscription plan does not support the function. Verify your symbol format and license status.

3. Does retrieving Quick Ratio for multiple symbols slow down Excel?

While the function is optimized, retrieving historical data for many symbols can be resource-intensive. For best performance, consider scheduling data refreshes or limiting real-time queries.

4. Can I use this formula for non-US symbols or indices?

Yes. MarketXLS supports various symbols, including foreign equities, indices, and crypto. Ensure the symbol is valid and included in your MarketXLS data plan.

5. Are there any related formulas for further analysis?

Yes, you can use the following MarketXLS historical fundamentals:

• Revenue (Historical)
• Cost Of Revenue (Historical)
• Gross Profit (Historical)
• R & D Expenses (Historical)
• Selling General and Administrative Expense (Historical)

Use them together to build a comprehensive financial analysis model.