Protective Insurance Quick Ratio (PTVCA) starting from the third quarter 2021 to third quarter 2020, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
PTVCA's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
In the wake of the increase in Current Liabilities in the third quarter 2021, Quick Ratio fell to 0.84 below Protective Insurance Corporation average.
Within Property & Casualty Insurance industry 50 other companies have achieved higher Quick Ratio than Protective Insurance in third quarter 2021. While Quick Ratio total ranking in the third quarter 2021 has deteriorated compared to the prior quarter from 2631 to 2692.
On the trailing twelve months basis PTVCA Cash & cash equivalent grew by 20.82 % in Q3 2021 year on year, faster than Current Liabilities, this led to increase in in Protective Insurance's Quick Ratio to 0.85, Quick Ratio remained below PTVCA average. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Property & Casualty Insurance industry 67 other companies have achieved higher Quick Ratio than Protective Insurance. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2020 from 1316 to 4936.
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