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Services Sector Financial Strength Information


Financial Strength Information & Trends  
 


Category:   Period:  

Services Sector 1 Q 4 Q 3 Q 2 Q 1 Q
  2024 2023 2023 2023 2023
Quick Ratio (TTM) 0.34 0.38 0.36 0.37 0.39
Quick Ratio Ranking # 7 # 8 # 6 # 6 # 5
Working Capital Ratio (TTM) 1.07 1.24 1.04 1.06 1.13
Working Capital Ratio Ranking # 11 # 10 # 10 # 10 # 10
Working Capital Per Revenue 0.03 0.1 0.02 0.04 0.05
Working Capital Per Revenue Ranking # 3 # 6 # 6 # 5 # 7
Leverage Ratio (TTM) 2.6 2.34 2.64 2.63 2.36
Leverage Ratio Ranking # 9 # 10 # 9 # 9 # 9
Total Debt to Equity (TTM) 1.31 1.03 1.32 1.3 1.15
Total Debt to Equity Ranking # 10 # 11 # 11 # 11 # 10
Interest Coverage (TTM) 8.03 7.51 7.5 7.1 7.3
Interest Coverage Ranking # 10 # 9 # 11 # 11 # 11
Debt Coverage (TTM) 0.27 0.23 0.25 0.23 0.23
Debt Coverage Ranking # 9 # 10 # 10 # 11 # 10


Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2024, Quick Ratio fell to 0.34 below Services Sector average.



Within Services sector 6 other sector have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 7, from total ranking in previous quarter at 8.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 1 Q 2024
High Average Low
0.89 0.41 0.27
1. quarter 2016   2. quarter 2019

Quick Ratio Sector Ranking
Within: No.
Sector # 7
Overall # 7


Other Quick Ratios
Compare Sector's quick ratio to Mck's or S&P Constituent list of Services Sector
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for MCK's Competitors Definiton of Quick Ratio


Services Sector Working Capital Ratio Statistics as of 1 Q 2024
 



Working Capital Ratio Statistics as of 1 Q 2024
High Average Low
1.35 1.16 0.96
3. quarter 2022   3. quarter 2019



Working Capital Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2024, Working Capital Ratio fell to 1.07 below Services Sector average.



Within Services sector 10 other sector have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has deteriorated relative to the previous quarter from 10 to 11.



Working Capital Ratio Sector Ranking
Within: No.
Sector # 11
Overall # 11

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Sector's Working Capital ratio to Mck's or S&P Constituent list of Services Sector
Working Capital ratios for MCK's Competitors Definiton of Working Capital Ratio

Services Sector Working Capital Per Revenue Statistics as of 1 Q 2024
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Services Sector's Working Capital Per Revenue sequentially decreased to 0.03 in the 1 Q 2024, below Sector average.



Within Services sector 2 other sector have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking has improved to 3, from total ranking in previous quarter at 6.




Working Capital Per Revenue Statistics as of 1 Q 2024
High Average Low
0.13 0.05 -0.05
3. quarter 2022   4. quarter 2022


Working Capital Per Revenue Sector Ranking
Within: No.
Sector # 3
Overall # 3



Other Working Capital Per Revenue
Compare Sector's Working Capital Per Revenue to Mck's or S&P Constituent list of Services Sector
Return On Assets for Services Sector Definiton of Working Capital Per Revenue



Services Sector Leverage Ratio Statistics as of 1 Q 2024
 


Leverage Ratio Statistics as of 1 Q 2024
High Average Low
2.85 2.32 0.41
3. quarter 2015   1. quarter 2016



Leverage Ratio Comment
Despite repayements of liabilities of 0.06%, in 1 Q 2024, Liabilities to Equity ratio detoriated to 2.6, above Sector average.



Among other Industries in the Services sector 8 other sector have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 9, from overall ranking in the previous quarter at 10.



Leverage Ratio Sector Ranking
Within: No.
Sector # 9
Overall # 9

Other Leverage Ratios
Compare Sector's Leverage ratio to Mck's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for MCK's Competitors What is Leverage Ratio?


Services Sector Total Debt to Equity Ratio Statistics as of 1 Q 2024
 
Debt to Equity Ratio Comment
Despite debt repayement of -0.53%, in 1 Q 2024 ,Total Debt to Equity detoriated to 1.31 in the 1 Q 2024, above Sector average.



Within Services sector 9 other sector have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 10, from total ranking in previous quarter at 11.




Debt to Equity Ratio Statistics as of 1 Q 2024
High Average Low
1.4 0.43 0.05
1. quarter 2024   3. quarter 2015



Debt to Equity Sector Ranking
Within: No.
Sector # 10
Overall # 10

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Sector's Debt to Equity ratio to Mck's or S&P Definiton of Debt to Equity Ratio

Services Sector Interest Coverage Ratio Statistics as of 1 Q 2024
 


Interest Coverage Ratio Statistics as of 1 Q 2024
High Average Low
13.06 7.48 3.53
4. quarter 2021   4. quarter 2015

Interest Coverage Ratio Comment
On the trailing twelve months basis Services Sector's ebitda grew by 2.07 % in 1 Q 2024 sequentially, faster than interest expenses, this led to improvement in Sector's Interest Coverage Ratio to 8.03 , above Services Sector average Interest Coverage Ratio.



In the Services sector 9 other sector have accomplished higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from 9 to 10.



Interest Coverage Ratio Sector Ranking
Within: No.
Sector # 10
Overall # 10

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Sector's Interest Coverage ratio to Mck's or S&P Definiton of Interest Coverage Ratio


Services Sector Debt Coverage Statistics as of 1 Q 2024
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Services Sector's ebitda grew by 2.07 % in 1 Q 2024 sequentially, while total debt decreased, this led to improvement in Sector's Debt Coverage Ratio to 0.27 , Debt Coverage Ratio remained below Services Sector average.



Looking into Services sector 8 other sector have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has improved to 9, from total ranking in previous quarter at 10.




Debt Coverage Statistics as of 1 Q 2024
High Average Low
8.14 2.63 0.2
3. quarter 2015   4. quarter 2022



Debt Coverage Sector Ranking
Within: No.
Sector # 9
Overall # 9

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Services Sector's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-06-15T11:08:15+00:00



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