In the wake of the increase in Current Liabilities in the second quarter 2023, Quick Ratio fell to 0.01 a new company low.

Within Pharmacy Services & Retail Drugstore industry 13 other companies have achieved higher Quick Ratio than Rite Aid in second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 109 to 5027.

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RAD Quick Ratio	(Sep 02 2023) Q2	(Jun 03 2023) Q1	(Mar 04 2023) Q4	(Nov 26 2022) Q3	(Aug 27 2022) Q2
Y / Y Current Liabilities Change	130.62 %	-2.5 %	-7.5 %	-4.25 %	0.99 %
Y / Y Cash & cash equivalent Change	98.53 %	141.75 %	295.64 %	-33.64 %	-68.06 %
Quick Ratio MRQ	0.01	0.05	0.06	0.04	0.02
RAD's Total Ranking	# 5027	# 109	# 1438	# 18	# 4741
Seq. Current Liabilities Change	135.75 %	1.63 %	-3.93 %	0.19 %	-0.33 %
Seq. Cash & cash equivalent Change	-31.43 %	-13.76 %	52.49 %	120.16 %	-16.5 %

Quick Ratio second quarter 2023 Company Ranking
Within:	No.
Pharmacy Services & Retail Drugstore Industry	# 14
Retail Sector	# 211
Overall Market	# 5027

Quick Ratio Statistics
High	Average	Low
0.24	0.09	0.01
(Dec 01 2018)

Financial Statements
Rite Aid's Current Liabilities	$ 6,501 Millions	Visit RAD's Balance sheet
Rite Aid's Cash & cash equivalent	$ 93 Millions	Visit RAD's Balance sheet
Source of RAD's Sales		Visit RAD's Sales by Geography

Cumulative Rite Aid's Quick Ratio

RAD's Quick Ratio for the trailling 12 Months

RAD Quick Ratio	(Sep 02 2023) 12 Months	(Jun 03 2023) 12 Months	(Mar 04 2023) 12 Months	(Nov 26 2022) 12 Months	(Aug 27 2022) 12 Months
Y / Y Current Liabilities TTM Growth	28.33 %	-3.38 %	-2 %	1.21 %	5.06 %
Y / Y Cash & cash equivalent TTM Growth	64.05 %	11.29 %	-21.08 %	-57.74 %	-37.52 %
Quick Ratio TTM	0.03	0.04	0.03	0.02	0.03
Total Ranking TTM	# 4264	# 63	# 539	# 4089	# 40
Seq. Current Liabilities TTM Growth	33.13 %	-0.63 %	-1.93 %	-1.09 %	0.24 %
Seq. Cash & cash equivalent TTM Growth	10.42 %	21.89 %	47.81 %	-17.54 %	-25.09 %

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

On the trailing twelve months basis Due to in Current Liabilities in the Q2 2023 to $6,500.59 millions, cumulative Quick Ratio decreased to 0.03 below the Rite Aid Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Pharmacy Services & Retail Drugstore industry 16 other companies have achieved higher Quick Ratio than Rite Aid. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2023 from 63 to 4264.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Pharmacy Services & Retail Drugstore Industry	# 17
Retail Sector	# 215
Within the Market	# 4264

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.25	0.07	0.02
(May 30 2015)		(Nov 26 2022)

Companies with similar Quick Ratio in the quarter ending Sep 02 2023, within Pharmacy Services & Retail Drugstore Industry	Quick Ratio	Sep 02 2023 MRQ Cash & cash equivalent	Sep 02 2023 MRQ Current Liabilities
Walgreens Boots Alliance Inc	0.03	$ 739.000 Millions	$ 24,535.000 Millions
General Cannabis Corp	0.02	$ 0.252 Millions	$ 10.155 Millions
Rite Aid Corp	0.01	$ 92.926 Millions	$ 6,500.594 Millions

Date modified: 2026-09-26T06:50:51+00:00

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