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Lpl Financial Holdings Inc (NASDAQ: LPLA) |
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Lpl Financial Holdings Inc 's Quick Ratio
LPLA's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
Lpl Financial Holdings Inc 's Cash & cash equivalent grew by 11.83 % in the Q3 2024 sequentially, faster than Current Liabilities, this led to improvement in Lpl Financial Holdings Inc 's Quick Ratio to 0.54, above Lpl Financial Holdings Inc average Quick Ratio.
Within Investment Services industry 42 other companies have achieved higher Quick Ratio than Lpl Financial Holdings Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 203 to 1794.
Explain Quick Ratio?
How much Cash & cash equivalents LPLA´s has?
What are LPLA´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| LPLA Quick Ratio |
(Sep 30 2024)
Q3 |
(Jun 30 2024)
Q2 |
(Mar 31 2024)
Q1 |
(Dec 31 2023)
Q4 |
(Sep 30 2023)
Q3 |
| Y / Y Current Liabilities Change |
10.01 % |
30.77 % |
48.7 % |
13.88 % |
6.86 % |
| Y / Y Cash & cash equivalent Change |
84.55 % |
88.31 % |
9.17 % |
-54.35 % |
-15.9 % |
| Quick Ratio MRQ |
0.54 |
0.5 |
0.36 |
0.16 |
0.32 |
| LPLA's Total
Ranking |
# 1794 |
# 203 |
# 476 |
# 2841 |
# 953 |
| Seq. Current Liabilities Change |
3.73 % |
-13.41 % |
4.49 % |
17.22 % |
23.31 % |
| Seq. Cash & cash equivalent Change |
11.83 % |
19.65 % |
136.71 % |
-41.73 % |
14.11 % |
| Quick Ratio third quarter 2024 Company Ranking |
| Within: |
No. |
| Investment Services Industry |
# 43 |
| Financial Sector |
# 299 |
| Overall Market |
# 1794 |
| Quick Ratio Statistics |
| High |
Average |
Low |
| 1.11 |
0.52 |
0.16 |
| (Mar 31 2012) |
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(Dec 31 2023) |
Cumulative Lpl Financial Holdings Inc 's Quick Ratio
LPLA's Quick Ratio for the trailling 12 Months
LPLA Quick Ratio |
(Sep 30 2024)
12 Months |
(Jun 30 2024)
12 Months |
(Mar 31 2024)
12 Months |
(Dec 31 2023)
12 Months |
(Sep 30 2023)
12 Months |
| Y / Y Current Liabilities TTM Growth |
10.01 % |
30.77 % |
48.7 % |
13.88 % |
6.86 % |
| Y / Y Cash & cash equivalent TTM Growth |
84.55 % |
88.31 % |
9.17 % |
-54.35 % |
-15.9 % |
| Quick Ratio TTM |
0.38 |
0.33 |
0.29 |
0.31 |
0.39 |
| Total
Ranking TTM |
# 1468
| # 526
| # 499
| # 1585
| # 1983
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| Seq. Current Liabilities TTM Growth |
3.73 % |
-13.41 % |
4.49 % |
17.22 % |
23.31 % |
| Seq. Cash & cash equivalent TTM Growth |
11.83 % |
19.65 % |
136.71 % |
-41.73 % |
14.11 % |
On the trailing twelve months basis LPLA Cash & cash equivalent soared by 84.55 % in Q3 2024 year on year, faster than Current Liabilities, this led to increase in in Lpl Financial Holdings Inc 's Quick Ratio to 0.38, Quick Ratio remained below LPLA average. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Investment Services industry 42 other companies have achieved higher Quick Ratio than Lpl Financial Holdings Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 526 to 1468.
Explain Quick Ratio?
How much Cash & cash equivalents LPLA´s has?
What are LPLA´s Current Liabilities?
| TTM Quick Ratio Company Ranking |
| Within: |
No. |
| Within the Investment Services Industry |
# 43 |
| Financial Sector |
# 299 |
| Within the Market |
# 1468 |
| trailing twelve months Quick Ratio Statistics |
| High |
Average |
Low |
| 1.11 |
0.52 |
0.16 |
| (Mar 31 2012) |
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(Dec 31 2023) |
| Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Investment Services Industry | Quick Ratio | Sep 30 2024 MRQ Cash & cash equivalent | Sep 30 2024 MRQ Current Liabilities | | Brightsphereinvestment Group Inc | 1.42 | $ 53.600 Millions | $ 37.700 Millions | | Artisan Partners Asset Management Inc | 1.31 | $ 253.949 Millions | $ 193.207 Millions | | Jefferies Financial Group Inc | 1.18 | $ 17,902.640 Millions | $ 15,134.075 Millions | | Gcm Grosvenor Inc | 1.15 | $ 98.447 Millions | $ 85.465 Millions | | Franklin Resources Inc | 1.15 | $ 1,099.400 Millions | $ 957.900 Millions | | Blackstone Inc | 1.07 | $ 2,353.332 Millions | $ 2,202.689 Millions | | Virtu Financial inc | 1.02 | $ 3,003.095 Millions | $ 2,955.339 Millions | | The Goldman Sachs Group Inc | 1.02 | $ 960,737.000 Millions | $ 945,627.000 Millions | | Ares Management Corporation | 0.87 | $ 350.138 Millions | $ 401.035 Millions | | Abacus Life Inc | 0.81 | $ 19.410 Millions | $ 23.862 Millions | | Invesco Ltd | 0.72 | $ 1,044.900 Millions | $ 1,455.600 Millions | | Freedom Holding Corp | 0.70 | $ 4,170.297 Millions | $ 5,941.108 Millions | | Moelis and Co | 0.68 | $ 145.332 Millions | $ 214.022 Millions | | Bgc Group Inc | 0.64 | $ 563.467 Millions | $ 884.076 Millions | | P10 Inc | 0.62 | $ 61.451 Millions | $ 99.652 Millions | | Lpl Financial Holdings Inc | 0.54 | $ 1,474.954 Millions | $ 2,736.121 Millions | | Morgan Stanley | 0.48 | $ 223,496.000 Millions | $ 468,892.000 Millions | | Intercontinental Exchange Inc | 0.47 | $ 1,998.000 Millions | $ 4,218.000 Millions | | Siebert Financial Corp | 0.46 | $ 227.019 Millions | $ 488.739 Millions | | Digitalbridge Group Inc | 0.40 | $ 294.416 Millions | $ 740.570 Millions | | Blue Owl Capital Inc | 0.34 | $ 115.902 Millions | $ 340.171 Millions | | Cboe Global Markets Inc | 0.32 | $ 763.200 Millions | $ 2,389.800 Millions | | Stepstone Group Inc | 0.26 | $ 45.552 Millions | $ 175.357 Millions | | Navient Corporation | 0.22 | $ 1,143.000 Millions | $ 5,305.000 Millions | | Raymond James Financial Inc | 0.20 | $ 11,747.000 Millions | $ 59,110.000 Millions | | Cohen and Co Inc | 0.20 | $ 117.907 Millions | $ 599.667 Millions | | Brookfield Oaktree Holdings Llc | 0.20 | $ 20.841 Millions | $ 106.440 Millions | | Robinhood Markets Inc | 0.14 | $ 5,075.000 Millions | $ 35,958.000 Millions | | Stonex Group Inc | 0.14 | $ 2,931.300 Millions | $ 21,295.400 Millions | | Schwab Charles Corp | 0.12 | $ 34,850.000 Millions | $ 284,634.000 Millions |
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