Ppd Inc 's Cash & cash equivalent grew by 23.57 % in the Q3 2021 sequentially, faster than Current Liabilities, this led to improvement in Ppd Inc 's Quick Ratio to 0.42 a new company high.

Within Medical Laboratories industry 46 other companies have achieved higher Quick Ratio than Ppd Inc in third quarter 2021. While Quick Ratio total ranking in the third quarter 2021 has deteriorated compared to the prior quarter from 398 to 3741.

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PPD Quick Ratio	(Sep 30 2021) Q3	(Jun 30 2021) Q2	(Mar 31 2021) Q1	(Dec 31 2020) Q4	(Sep 30 2020) Q3
Y / Y Current Liabilities Change	441.25 %	482.16 %	475.05 %	424.8 %	31.55 %
Y / Y Cash & cash equivalent Change	46.03 %	36.93 %	11.93 %	122.49 %	45.21 %
Quick Ratio MRQ	0.42	0.36	0.34	0.34	1.55
PPD's Total Ranking	# 3741	# 398	# 398	# 3273	#
Seq. Current Liabilities Change	5.55 %	8.02 %	7.77 %	340.49 %	13.52 %
Seq. Cash & cash equivalent Change	23.57 %	14.83 %	7.61 %	-4.37 %	15.88 %

Quick Ratio third quarter 2021 Company Ranking
Within:	No.
Medical Laboratories Industry	# 47
Healthcare Sector	# 1063
Overall Market	# 3741

Quick Ratio Statistics
High	Average	Low
0.42	0.36	0.34
(Sep 30 2021)		(Mar 31 2021)

Financial Statements
Ppd Inc 's Current Liabilities	$ 2,799 Millions	Visit PPD's Balance sheet
Ppd Inc 's Cash & cash equivalent	$ 1,173 Millions	Visit PPD's Balance sheet
Source of PPD's Sales		Visit PPD's Sales by Geography

Cumulative Ppd Inc 's Quick Ratio

PPD's Quick Ratio for the trailling 12 Months

PPD Quick Ratio	(Sep 30 2021) 12 Months	(Jun 30 2021) 12 Months	(Mar 31 2021) 12 Months	(Dec 31 2020) 12 Months	(Sep 30 2020) 12 Months
Y / Y Current Liabilities TTM Growth	455.39 %	362.21 %	354.96 %	344.6 %	366.46 %
Y / Y Cash & cash equivalent TTM Growth	44.05 %	43.65 %	88.84 %	234.26 %	366.43 %
Quick Ratio TTM	0.36	0.42	0.54	0.82	1.41
Total Ranking TTM	# 4815	# 4844	# 2882	# 0	#
Seq. Current Liabilities TTM Growth	28.88 %	38.5 %	55.15 %	100.56 %	7.26 %
Seq. Cash & cash equivalent TTM Growth	11.05 %	8.28 %	2.93 %	16.39 %	10.73 %

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

On the trailing twelve months basis Due to rise in Current Liabilities in the Q3 2021 to $2,798.56 millions, cumulative Quick Ratio decreased to 0.36 above the PPD average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Laboratories industry 38 other companies have achieved higher Quick Ratio than Ppd Inc . While Quick Ratio overall ranking has improved so far to 4815, from total ranking during the twelve months ending second quarter 2021 at 4844.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Medical Laboratories Industry	# 39
Healthcare Sector	# 1007
Within the Market	# 4815

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.36	0.31	0.26
(Sep 30 2021)		(Jun 30 2021)

Companies with similar Quick Ratio in the quarter ending Sep 30 2021, within Medical Laboratories Industry	Quick Ratio	Sep 30 2021 MRQ Cash & cash equivalent	Sep 30 2021 MRQ Current Liabilities
Hh and l Acquisition Co	1.00	$ 0.475 Millions	$ 0.477 Millions
Labcorp Holdings Inc	0.71	$ 2,036.500 Millions	$ 2,888.400 Millions
Radnet Inc	0.64	$ 192.503 Millions	$ 300.882 Millions
Bionexus Gene Lab Corp	0.64	$ 1.700 Millions	$ 2.665 Millions
Quest Diagnostics Inc	0.61	$ 987.000 Millions	$ 1,611.000 Millions
Iqvia Holdings Inc	0.52	$ 1,574.000 Millions	$ 3,021.000 Millions
WEED, INC.	0.47	$ 0.304 Millions	$ 0.649 Millions
Centogene N v	0.45	$ 19.956 Millions	$ 44.236 Millions
Psychemedics Corporation	0.45	$ 1.968 Millions	$ 4.367 Millions
Luna Innovations Inc	0.44	$ 14.755 Millions	$ 33.656 Millions
Ppd Inc	0.42	$ 1,172.716 Millions	$ 2,798.561 Millions
Icon Plc	0.42	$ 1,010.236 Millions	$ 2,430.930 Millions
Evolutionary Genomics Inc	0.41	$ 0.606 Millions	$ 1.490 Millions
Akumin Inc	0.34	$ 55.876 Millions	$ 163.374 Millions
Koninklijke Philips Nv	0.33	$ 2,782.080 Millions	$ 8,367.520 Millions
Science 37 Holdings Inc	0.28	$ 0.201 Millions	$ 0.715 Millions
Charles River Laboratories International inc	0.28	$ 212.539 Millions	$ 762.020 Millions
Advanced Container Technologies Inc	0.19	$ 0.204 Millions	$ 1.071 Millions

Date modified: 2026-09-08T15:10:23+00:00

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