Onity Quick Ratio from 2010 to 2024

ONIT Stock   30.87  0.04  0.13%   
Onity Quick Ratio yearly trend continues to be comparatively stable with very little volatility. Quick Ratio will likely drop to 4.98 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
5.24010914
Current Value
4.98
Quarterly Volatility
18.06491128
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Onity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Onity's main balance sheet or income statement drivers, such as Depreciation And Amortization of 11.5 M, Total Revenue of 880.8 M or Gross Profit of 709.7 M, as well as many indicators such as Price To Sales Ratio of 0.16, Dividend Yield of 0.0 or PTB Ratio of 0.49. Onity financial statements analysis is a perfect complement when working with Onity Valuation or Volatility modules.
  
Check out the analysis of Onity Correlation against competitors.

Latest Onity's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Onity Group over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Onity's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Onity's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Onity Quick Ratio Regression Statistics

Arithmetic Mean10.04
Geometric Mean1.92
Coefficient Of Variation179.99
Mean Deviation13.88
Median0.61
Standard Deviation18.06
Sample Variance326.34
Range47.924
R-Value0.52
Mean Square Error254.67
R-Squared0.28
Significance0.04
Slope2.12
Total Sum of Squares4,569

Onity Quick Ratio History

2024 4.98
2023 5.24
2022 48.53
2021 42.93
2020 42.73
2018 0.62
2017 0.6

About Onity Financial Statements

Onity shareholders use historical fundamental indicators, such as Quick Ratio, to determine how well the company is positioned to perform in the future. Although Onity investors may analyze each financial statement separately, they are all interrelated. The changes in Onity's assets and liabilities, for example, are also reflected in the revenues and expenses on on Onity's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Quick Ratio 5.24  4.98 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Onity Stock Analysis

When running Onity's price analysis, check to measure Onity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Onity is operating at the current time. Most of Onity's value examination focuses on studying past and present price action to predict the probability of Onity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onity's price. Additionally, you may evaluate how the addition of Onity to your portfolios can decrease your overall portfolio volatility.