Summit Financial Group Inc Quick Ratio (SMMF) starting from the first quarter 2024 to first quarter 2023, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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• Working Capital
• LT Debt to Equity
• Debt to Equity
• Leverage Ratio
• Tangible Leverage
• Interest Coverage
• Debt Coverage
• Work. Cap. Per Revenue
Summit Financial Group Inc   (NASDAQ: SMMF)
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial

Summit Financial Group Inc 's Quick Ratio

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


Current Liabilities decreased faster than Summit Financial Group Inc 's Cash & cash equivalent, this led to improvement in Summit Financial Group Inc 's Quick Ratio to 1.87, above Summit Financial Group Inc average Quick Ratio.

Within Regional Banks industry 89 other companies have achieved higher Quick Ratio than Summit Financial Group Inc in first quarter 2024. While Quick Ratio total ranking in the first quarter 2024 has deteriorated compared to the prior quarter from 1883 to 4056.

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



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SMMF Quick Ratio (Mar 31 2024)
Q1		 (Dec 31 2023)
Q4		 (Sep 30 2023)
Q3		 (Jun 30 2023)
Q2		 (Mar 31 2023)
Q1
Y / Y Current Liabilities Change 87.2 % 34.05 % -5.53 % -20.35 % 0 %
Y / Y Cash & cash equivalent Change 13.51 % 24.08 % 33.19 % 10.08 % -8.57 %
Quick Ratio MRQ 1.87 1.66 1.98 2.21 3.08
SMMF's Total Ranking # 4056 # 1883 # 2976 # 3423 # 3417
Seq. Current Liabilities Change -13.4 % 17.4 % 11.16 % 65.64 % -37.99 %
Seq. Cash & cash equivalent Change -2.48 % -1.69 % -0.12 % 18.55 % 6.6 %



Quick Ratio first quarter 2024 Company Ranking
Within: No.
Regional Banks Industry # 90
Financial Sector # 662
Overall Market # 4056


Quick Ratio Statistics
High Average Low
0.31 0.2 0.11
(Mar 31 2012)   (Sep 30 2022)




Financial Statements
Summit Financial Group Inc 's Current Liabilities $ 262 Millions Visit SMMF's Balance sheet
Summit Financial Group Inc 's Cash & cash equivalent $ 490 Millions Visit SMMF's Balance sheet
Source of SMMF's Sales Visit SMMF's Sales by Geography


Cumulative Summit Financial Group Inc 's Quick Ratio

SMMF's Quick Ratio for the trailling 12 Months

SMMF Quick Ratio

 (Mar 31 2024)
12 Months		 (Dec 31 2023)
12 Months		 (Sep 30 2023)
12 Months		 (Jun 30 2023)
12 Months		 (Mar 31 2023)
12 Months
Y / Y Current Liabilities TTM Growth 13.41 % 0.28 % 1.36 % 22.41 % 66.03 %
Y / Y Cash & cash equivalent TTM Growth 19.58 % 13.4 % 2.19 % -11.58 % -13.06 %
Quick Ratio TTM 1.91 2.1 2.17 1.99 1.81
Total Ranking TTM # 1475 # 2277 # 2969 # 2082 # 2879
Seq. Current Liabilities TTM Growth 13.09 % 8.99 % -1.73 % -6.37 % 0 %
Seq. Cash & cash equivalent TTM Growth 2.98 % 5.24 % 7.35 % 2.78 % -2.35 %

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

On the trailing twelve months basis Due to fall in Current Liabilities in the Q1 2024 to $262.36 millions, cumulative Quick Ratio decreased to 1.91 above the SMMF average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry 89 other companies have achieved higher Quick Ratio than Summit Financial Group Inc . While Quick Ratio overall ranking has improved so far to 1475, from total ranking during the twelve months ending fourth quarter 2023 at 2277.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 90
Financial Sector # 662
Within the Market # 1475


trailing twelve months Quick Ratio Statistics
High Average Low
0.31 0.2 0.11
(Mar 31 2012)   (Sep 30 2022)




Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Regional Banks Industry Quick RatioMar 31 2024 MRQ Cash & cash equivalentMar 31 2024 MRQ Current Liabilities
First Business Financial Services Inc   5.14 $ 314.114  Millions$ 61.133  Millions
Heartland Financial Usa Inc   5.08 $ 4,486.746  Millions$ 882.848  Millions
Southern Missouri Bancorp Inc   4.84 $ 168.273  Millions$ 34.747  Millions
Unity Bancorp inc   4.82 $ 138.702  Millions$ 28.799  Millions
1st Source Corp  4.77 $ 1,583.244  Millions$ 332.171  Millions
Fifth Third Bancorp  4.72 $ 23,991.000  Millions$ 5,078.000  Millions
Community Trust Bancorp Inc   4.55 $ 1,111.750  Millions$ 244.536  Millions
Community West Bancshares  4.52 $ 302.512  Millions$ 67.000  Millions
Provident Bancorp Inc   4.50 $ 360.361  Millions$ 80.000  Millions
Commerce Bancshares Inc   4.41 $ 11,042.349  Millions$ 2,505.576  Millions
Farmers National Banc Corp  4.11 $ 1,418.779  Millions$ 345.000  Millions
Midland States Bancorp Inc   3.80 $ 1,207.722  Millions$ 317.412  Millions
Parke Bancorp Inc   3.62 $ 15.911  Millions$ 4.398  Millions
Bogota Financial Corp   3.59 $ 102.239  Millions$ 28.500  Millions
Great Southern Bancorp inc   3.45 $ 465.308  Millions$ 134.732  Millions
Trustco Bank Corp Ny  3.23 $ 426.241  Millions$ 131.773  Millions
Home Bancorp Inc   3.09 $ 90.475  Millions$ 29.301  Millions
Farmers And Merchants Bancshares Inc   3.08 $ 187.859  Millions$ 61.005  Millions
State Street Corp  3.08 $ 129,718.000  Millions$ 42,177.000  Millions
Southside Bancshares Inc   3.07 $ 1,405.221  Millions$ 457.685  Millions
M and t Bank Corporation  2.88 $ 13,829.000  Millions$ 4,795.000  Millions
First Community Corporation  2.76 $ 225.743  Millions$ 81.833  Millions
Marathon Bancorp inc   2.72 $ 13.585  Millions$ 5.000  Millions
Fs Bancorp Inc   2.33 $ 302.865  Millions$ 129.940  Millions
Hilltop Holdings Inc   1.99 $ 4,639.186  Millions$ 2,329.036  Millions
Midwestone Financial Group Inc   1.88 $ 797.230  Millions$ 422.988  Millions
Summit Financial Group Inc   1.87 $ 490.271  Millions$ 262.359  Millions
Mercantile Bank Corporation  1.82 $ 609.153  Millions$ 335.544  Millions
First Citizens Bancshares Inc  1.77 $ 698.000  Millions$ 395.000  Millions
Civista Bancshares Inc   1.71 $ 656.559  Millions$ 383.182  Millions

Date modified: 2026-09-12T06:19:04+00:00



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