Regardless of the sequential decrease in Current Liabilities, during the second quarter 2023, Quick Ratio deteriorated to 0.26 below Navios Maritime Holdings Inc 's average Quick Ratio.

Within Marine Transportation industry 40 other companies have achieved higher Quick Ratio than Navios Maritime Holdings Inc in second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 2586 to 4173.

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NM Quick Ratio	(Jun 30 2023) Q2	(Dec 31 2022) Q4	0 Q3	0 Q2	0 Q1
Y / Y Current Liabilities Change	-0.38 %	-54.62 %	-75.36 %	-63.79 %	-75.36 %
Y / Y Cash & cash equivalent Change	-64.63 %	-38.44 %	-43.02 %	-37.69 %	-43.02 %
Quick Ratio MRQ	0.26	0.29	0.73	0.17	0.73
NM's Total Ranking	# 4173	# 2586	# 2580	# 2585	#
Seq. Current Liabilities Change	-5.01 %	4.87 %	-60.32 %	152.01 %	-56.73 %
Seq. Cash & cash equivalent Change	-15.44 %	-58.17 %	72.39 %	-41.99 %	47.17 %

Quick Ratio second quarter 2023 Company Ranking
Within:	No.
Marine Transportation Industry	# 41
Transportation Sector	# 88
Overall Market	# 4173

Quick Ratio Statistics
High	Average	Low
3.31	0.97	0.1
(Dec 31 2014)		0

Financial Statements
Navios Maritime Holdings Inc 's Current Liabilities	$ 107 Millions	Visit NM's Balance sheet
Navios Maritime Holdings Inc 's Cash & cash equivalent	$ 28 Millions	Visit NM's Balance sheet
Source of NM's Sales		Visit NM's Sales by Geography

Cumulative Navios Maritime Holdings Inc 's Quick Ratio

NM's Quick Ratio for the trailling 12 Months

NM Quick Ratio	(Jun 30 2023) 12 Months	(Dec 31 2022) 12 Months	0 12 Months	0 12 Months	0 12 Months
Y / Y Current Liabilities TTM Growth	-61.16 %	-67.97 %	-66.07 %	-52.5 %	-9.87 %
Y / Y Cash & cash equivalent TTM Growth	-46.12 %	-41.45 %	-42.29 %	-21.3 %	-10.14 %
Quick Ratio TTM	0.31	0.39	0.35	0.3	0.22
Total Ranking TTM	# 4857	# 4773	# 4862	# 4841	#
Seq. Current Liabilities TTM Growth	-0.07 %	-18.48 %	-30.92 %	-30.98 %	-17.59 %
Seq. Cash & cash equivalent TTM Growth	-21.56 %	-8.01 %	-18.81 %	-8.04 %	-14.75 %

Quick ratio ranking by company, industry and sector >> Back to NM Financial Strength Comparisons >> Go to Compare NM Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in NM's Current Liabilities to $107.46 millions, cumulative Quick Ratio to 0.31 below the NM average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Marine Transportation industry 50 other companies have achieved higher Quick Ratio than Navios Maritime Holdings Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2022 from 4773 to 4857.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Marine Transportation Industry	# 51
Transportation Sector	# 118
Within the Market	# 4857

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.34	0.57	0.19
(Jun 30 2014)		(Dec 31 2020)

Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Marine Transportation Industry	Quick Ratio	Jun 30 2023 MRQ Cash & cash equivalent	Jun 30 2023 MRQ Current Liabilities
Euroseas Ltd	0.69	$ 31.841 Millions	$ 45.842 Millions
Hub Group Inc	0.58	$ 342.429 Millions	$ 593.737 Millions
Capital Clean Energy Carriers Corp	0.57	$ 92.936 Millions	$ 163.879 Millions
Navios Maritime Partners L p	0.56	$ 261.416 Millions	$ 463.412 Millions
Seanergy Maritime Holdings Corp	0.50	$ 16.952 Millions	$ 33.716 Millions
Global Ship Lease Inc	0.45	$ 129.635 Millions	$ 289.951 Millions
Cmb tech Nv	0.39	$ 165.401 Millions	$ 424.753 Millions
Zim Integrated Shipping Services Ltd	0.37	$ 921.500 Millions	$ 2,518.100 Millions
Atlas Corp	0.36	$ 385.300 Millions	$ 1,083.800 Millions
Caravelle International Group	0.35	$ 6.863 Millions	$ 19.554 Millions
Dht Holdings Inc	0.33	$ 130.649 Millions	$ 398.425 Millions
Seacor Marine Holdings Inc	0.32	$ 40.750 Millions	$ 126.665 Millions
Torm Plc	0.28	$ 239.100 Millions	$ 856.200 Millions
Navios Maritime Holdings Inc	0.26	$ 27.780 Millions	$ 107.455 Millions
Jayud Global Logistics Limited	0.25	$ 2.304 Millions	$ 9.228 Millions
Radiant Logistics Inc	0.25	$ 32.456 Millions	$ 132.173 Millions
Lakeside Holding Ltd	0.24	$ 0.174 Millions	$ 0.732 Millions
Freight Technologies Inc	0.20	$ 1.560 Millions	$ 7.796 Millions
Frontline Plc	0.16	$ 306.823 Millions	$ 1,932.610 Millions
Sfl Corporation Ltd	0.16	$ 216.266 Millions	$ 1,382.071 Millions
Top Ships Inc	0.15	$ 9.629 Millions	$ 63.959 Millions
Globavend Holdings Limited	0.14	$ 0.572 Millions	$ 4.026 Millions
Okeanis Eco Tankers Corp	0.13	$ 80.173 Millions	$ 615.334 Millions
Unique Logistics International Inc	0.13	$ 6.744 Millions	$ 52.449 Millions
C h Robinson Worldwide Inc	0.08	$ 210.155 Millions	$ 2,761.491 Millions

Date modified: 2026-09-12T06:20:13+00:00

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