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Erie Indemnity Company  (ERIE)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Erie Indemnity's Quick Ratio

ERIE's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Erie Indemnity's Cash & cash equivalent grew by 17.47 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Erie Indemnity's Quick Ratio to 0.12, Quick Ratio remained below Erie Indemnity Company average.

Within Insurance Brokerage industry 6 other companies have achieved higher Quick Ratio than Erie Indemnity in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 288 to 1608.

Explain Quick Ratio?
How much Cash & cash equivalents ERIE´s has?
What are ERIE´s Current Liabilities?


ERIE Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 6.6 % 7.37 % 2.44 % 1.7 % 5.43 %
Y / Y Cash & cash equivalent Change 237.98 % 171.15 % 11.13 % 24.52 % -36.8 %
Quick Ratio MRQ 0.12 0.1 0.1 0.09 0.04
ERIE's Total Ranking # 1608 # 288 # 3586 # 634 # 2223
Seq. Current Liabilities Change 4.12 % 4.42 % 6.63 % -8.05 % 4.88 %
Seq. Cash & cash equivalent Change 17.47 % 9.94 % 10.51 % 136.82 % -5.76 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Insurance Brokerage Industry # 7
Financial Sector # 289
Overall Market # 1608


Quick Ratio Statistics
High Average Low
2.5 0.97 0.02
(Dec 31 2014)   (Sep 30 2020)




Financial Statements
Erie Indemnity's Current Liabilities $ 709 Millions Visit ERIE's Balance sheet
Erie Indemnity's Cash & cash equivalent $ 82 Millions Visit ERIE's Balance sheet
Source of ERIE's Sales Visit ERIE's Sales by Geography


Cumulative Erie Indemnity's Quick Ratio

ERIE's Quick Ratio for the trailling 12 Months

ERIE Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 6.6 % 7.37 % 2.44 % 1.7 % 5.43 %
Y / Y Cash & cash equivalent TTM Growth 237.98 % 171.15 % 11.13 % 24.52 % -36.8 %
Quick Ratio TTM 0.1 0.08 0.07 0.06 0.06
Total Ranking TTM # 995 # 3864 # 4726 # 619 # 1836
Seq. Current Liabilities TTM Growth 4.12 % 4.42 % 6.63 % -8.05 % 4.88 %
Seq. Cash & cash equivalent TTM Growth 17.47 % 9.94 % 10.51 % 136.82 % -5.76 %


On the trailing twelve months basis ERIE Cash & cash equivalent more than doubled by 237.98 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Erie Indemnity's Quick Ratio to 0.1, Quick Ratio remained below ERIE average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Insurance Brokerage industry 2 other companies have achieved higher Quick Ratio than Erie Indemnity. While Quick Ratio overall ranking has improved so far to 995, from total ranking during the twelve months ending third quarter 2023 at 3864.

Explain Quick Ratio?
How much Cash & cash equivalents ERIE´s has?
What are ERIE´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Insurance Brokerage Industry # 3
Financial Sector # 30
Within the Market # 995


trailing twelve months Quick Ratio Statistics
High Average Low
2.49 0.87 0.03
(Sep. 30, 2015)   (Jun 30 2021)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Insurance Brokerage Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Gohealth Inc   0.25 $ 90.809  Millions$ 370.013  Millions
Aon Plc  0.21 $ 1,147.000  Millions$ 5,344.000  Millions
Equitable Financial Life Insurance Company  0.18 $ 3,090.000  Millions$ 17,585.000  Millions
Marsh and Mclennan Companies Inc   0.17 $ 3,358.000  Millions$ 19,795.000  Millions
Erie Indemnity Company  0.12 $ 82.017  Millions$ 708.977  Millions
Brp Group Inc   0.11 $ 116.209  Millions$ 1,033.440  Millions
Fidelity National Financial Inc   0.08 $ 4,886.000  Millions$ 58,857.000  Millions
Argo Group International Holdings Inc   0.07 $ 429.500  Millions$ 5,737.200  Millions
Selectquote Inc   0.06 $ 10.849  Millions$ 183.972  Millions

Date modified: 2024-02-27T11:57:32+00:00



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