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Schwab Charles Corp  (SCHW)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial

Schwab Charles's Quick Ratio

SCHW's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Schwab Charles's Cash & cash equivalent grew by 30.33 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Schwab Charles's Quick Ratio to 0.14, Quick Ratio remained below Schwab Charles Corp average.

Within Investment Services industry 28 other companies have achieved higher Quick Ratio than Schwab Charles in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 1067, from total ranking in the third quarter 2023 at 1843.

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


SCHW Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -20.66 % -24.82 % -28.66 % -28.75 % -14.91 %
Y / Y Cash & cash equivalent Change 7.82 % -28.47 % -26.18 % -46.05 % -36.17 %
Quick Ratio MRQ 0.14 0.11 0.15 0.14 0.1
SCHW's Total Ranking # 1067 # 1843 # 1820 # 3226 # 2863
Seq. Current Liabilities Change 2.24 % -5.55 % -5.77 % -12.81 % -3.12 %
Seq. Cash & cash equivalent Change 30.33 % -30.22 % -3.07 % 22.31 % -13.53 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Investment Services Industry # 29
Financial Sector # 186
Overall Market # 1067


Quick Ratio Statistics
High Average Low
1.22 0.63 0.08
(Dec 31 2013)   (Jun 30 2021)




Financial Statements
Schwab Charles's Current Liabilities $ 314,906 Millions Visit SCHW's Balance sheet
Schwab Charles's Cash & cash equivalent $ 43,337 Millions Visit SCHW's Balance sheet
Source of SCHW's Sales Visit SCHW's Sales by Geography


Cumulative Schwab Charles's Quick Ratio

SCHW's Quick Ratio for the trailling 12 Months

SCHW Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -20.66 % -24.82 % -28.66 % -28.75 % -14.91 %
Y / Y Cash & cash equivalent TTM Growth 7.82 % -28.47 % -26.18 % -46.05 % -36.17 %
Quick Ratio TTM 0.13 0.12 0.12 0.12 0.14
Total Ranking TTM # 1637 # 3085 # 2649 # 1812 # 2306
Seq. Current Liabilities TTM Growth 2.24 % -5.55 % -5.77 % -12.81 % -3.12 %
Seq. Cash & cash equivalent TTM Growth 30.33 % -30.22 % -3.07 % 22.31 % -13.53 %


On the trailing twelve months basis SCHW Cash & cash equivalent improved by 7.82 % in IV Quarter 2023 year on year, while Current Liabilities rose to $314,906 millions, this led to increase in in Schwab Charles's Quick Ratio to 0.13, Quick Ratio remained below SCHW average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Investment Services industry 28 other companies have achieved higher Quick Ratio than Schwab Charles. While Quick Ratio overall ranking has improved so far to 1637, from total ranking during the twelve months ending third quarter 2023 at 3085.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Investment Services Industry # 29
Financial Sector # 186
Within the Market # 1637


trailing twelve months Quick Ratio Statistics
High Average Low
1.22 0.63 0.08
(Dec 31 2013)   (Jun 30 2021)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Investment Services Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Cohen and Co Inc   0.37 $ 191.978  Millions$ 519.288  Millions
Blue Owl Capital Inc   0.28 $ 104.160  Millions$ 370.726  Millions
Stepstone Group Inc   0.25 $ 33.589  Millions$ 131.735  Millions
Robinhood Markets Inc   0.20 $ 5,173.000  Millions$ 25,545.000  Millions
Raymond James Financial Inc   0.18 $ 10,660.000  Millions$ 58,128.000  Millions
Lpl Financial Holdings Inc   0.16 $ 465.671  Millions$ 2,915.476  Millions
Schwab Charles Corp  0.14 $ 43,337.000  Millions$ 314,906.000  Millions
Stonex Group Inc   0.12 $ 2,152.100  Millions$ 17,628.200  Millions
Interactive Brokers Group inc   0.08 $ 9,588.000  Millions$ 113,642.000  Millions
Nasdaq Inc   0.07 $ 661.000  Millions$ 9,025.000  Millions

Date modified: 2024-02-24T17:12:45+00:00



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