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Farmers and Merchants Bancshares Inc (FMFG) |
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Farmers And Merchants Bancshares Inc 's Quick Ratio
FMFG's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
Farmers And Merchants Bancshares Inc 's Cash & cash equivalent grew by 22.34 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Farmers And Merchants Bancshares Inc 's Quick Ratio to 0.24, above Farmers and Merchants Bancshares Inc average Quick Ratio.
Within Regional Banks industry 32 other companies have achieved higher Quick Ratio than Farmers And Merchants Bancshares Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 2652 to 2995.
Explain Quick Ratio?
How much Cash & cash equivalents FMFG´s has?
What are FMFG´s Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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FMFG Quick Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Current Liabilities Change |
6.12 % |
1.83 % |
0.46 % |
-0.47 % |
1.88 % |
Y / Y Cash & cash equivalent Change |
11.7 % |
-25.44 % |
-30.36 % |
-32.45 % |
-20.95 % |
Quick Ratio MRQ |
0.24 |
0.2 |
0.21 |
0.21 |
0.22 |
FMFG's Total
Ranking |
# 2995 |
# 2652 |
# 3105 |
# 3773 |
# 3424 |
Seq. Current Liabilities Change |
5.74 % |
0.92 % |
1.9 % |
-2.41 % |
1.46 % |
Seq. Cash & cash equivalent Change |
22.34 % |
-2.47 % |
1.35 % |
-7.65 % |
-18.34 % |
Quick Ratio third quarter 2023 Company Ranking |
Within: |
No. |
Regional Banks Industry |
# 33 |
Financial Sector |
# 467 |
Overall Market |
# 2995 |
Quick Ratio Statistics |
High |
Average |
Low |
0.31 |
0.2 |
0.1 |
(Dec 31 2021) |
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(Dec 31 2017) |
Cumulative Farmers And Merchants Bancshares Inc 's Quick Ratio
FMFG's Quick Ratio for the trailling 12 Months
FMFG Quick Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Current Liabilities TTM Growth |
6.12 % |
1.83 % |
0.46 % |
-0.47 % |
1.88 % |
Y / Y Cash & cash equivalent TTM Growth |
11.7 % |
-25.44 % |
-30.36 % |
-32.45 % |
-20.95 % |
Quick Ratio TTM |
0.22 |
0.21 |
0.23 |
0.26 |
0.28 |
Total
Ranking TTM |
# 2161
| # 2286
| # 2701
| # 1827
| # 0
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Seq. Current Liabilities TTM Growth |
5.74 % |
0.92 % |
1.9 % |
-2.41 % |
1.46 % |
Seq. Cash & cash equivalent TTM Growth |
22.34 % |
-2.47 % |
1.35 % |
-7.65 % |
-18.34 % |
On the trailing twelve months basis FMFG Cash & cash equivalent increased by 11.7 % in III Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Farmers And Merchants Bancshares Inc 's Quick Ratio to 0.22, above FMFG average Quick Ratio. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Regional Banks industry 32 other companies have achieved higher Quick Ratio than Farmers And Merchants Bancshares Inc . While Quick Ratio overall ranking has improved so far to 2161, from total ranking during the twelve months ending second quarter 2023 at 2286.
Explain Quick Ratio?
How much Cash & cash equivalents FMFG´s has?
What are FMFG´s Current Liabilities?
TTM Quick Ratio Company Ranking |
Within: |
No. |
Within the Regional Banks Industry |
# 33 |
Financial Sector |
# 467 |
Within the Market |
# 2161 |
trailing twelve months Quick Ratio Statistics |
High |
Average |
Low |
0.31 |
0.2 |
0.1 |
(Dec 31 2021) |
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(Dec 31 2017) |
Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Regional Banks Industry | Quick Ratio | Sep 30 2023 MRQ Cash & cash equivalent | Sep 30 2023 MRQ Current Liabilities | Peoples Financial Corp | 0.51 | $ 371.705 Millions | $ 730.234 Millions | Prosperity Bancshares Inc | 0.49 | $ 13,705.215 Millions | $ 27,693.075 Millions | Security Federal Corp | 0.49 | $ 616.745 Millions | $ 1,255.253 Millions | Northern Trust Corporation | 0.47 | $ 54,218.300 Millions | $ 116,251.100 Millions | Oak Valley Bancorp | 0.46 | $ 762.686 Millions | $ 1,666.548 Millions | Cvb Financial Corp | 0.44 | $ 5,603.299 Millions | $ 12,628.338 Millions | International Bancshares Corporation | 0.43 | $ 5,399.107 Millions | $ 12,420.890 Millions | Glen Burnie Bancorp | 0.42 | $ 145.085 Millions | $ 341.881 Millions | Macatawa Bank Corp | 0.41 | $ 1,013.750 Millions | $ 2,459.833 Millions | First Financial Bankshares Inc | 0.41 | $ 4,652.537 Millions | $ 11,470.567 Millions | Auburn National Bancorporation Inc | 0.40 | $ 390.052 Millions | $ 966.342 Millions | Commerce Bancshares Inc | 0.37 | $ 10,221.573 Millions | $ 27,835.638 Millions | Csb Bancorp Inc | 0.36 | $ 377.642 Millions | $ 1,052.888 Millions | First Ban corp | 0.35 | $ 5,761.416 Millions | $ 16,629.840 Millions | 1895 Bancorp Of Wisconsin Inc | 0.34 | $ 131.244 Millions | $ 388.072 Millions | Uwharrie Capital Corp | 0.33 | $ 328.099 Millions | $ 991.220 Millions | Hilltop Holdings Inc | 0.33 | $ 4,374.229 Millions | $ 13,354.160 Millions | Franklin Financial Services Corporation | 0.33 | $ 532.229 Millions | $ 1,637.414 Millions | F and m Bank Corp | 0.32 | $ 389.914 Millions | $ 1,200.832 Millions | Bank Of The James Financial Group Inc | 0.32 | $ 281.506 Millions | $ 880.584 Millions | Qnb Corp | 0.32 | $ 505.390 Millions | $ 1,583.314 Millions | Capital City Bank Group Inc | 0.32 | $ 1,137.211 Millions | $ 3,582.141 Millions | Heartland Financial Usa Inc | 0.31 | $ 5,572.688 Millions | $ 17,932.204 Millions | Equity Bancshares Inc | 0.30 | $ 1,256.026 Millions | $ 4,161.331 Millions | Farmers National Banc Corp | 0.29 | $ 1,304.659 Millions | $ 4,511.650 Millions | Trico Bancshares | 0.29 | $ 2,285.436 Millions | $ 8,016.331 Millions | Isabella Bank Corp | 0.28 | $ 516.897 Millions | $ 1,821.804 Millions | Peoples Bancorp Of North Carolina Inc | 0.28 | $ 417.456 Millions | $ 1,479.446 Millions | Cambridge Bancorp | 0.25 | $ 1,142.197 Millions | $ 4,565.926 Millions | Ecb Bancorp Inc | 0.24 | $ 196.350 Millions | $ 812.531 Millions |
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