Quick ratio of Horizon Bancorp (IN)

N/A
Quick ratio is liquidity ratio that measures a company's ability to use its quick assets to meet its short-term obligations immediately.

The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.

Horizon Bancorp (IN) logo

Horizon Bancorp operates as the bank holding company for Horizon Bank, N.A. that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency services, and investment management services; and sells various insurance products, as well as offers real estate investment trust services. It operates through a network of 56 full service offices in Northern and Central Indiana, and Southwestern and Central Michigan. Horizon Bancorp was founded in 1873 and is headquartered in Michigan City, Indiana.

  • Horizon Bancorp (IN), 515 Franklin Square, Michigan City 46360, United States
  • horizonbank.com
  • 219-879-0211

Companies with quick ratio similar to Horizon Bancorp (IN)

Company Industry Quick ratio
HBNC Horizon Bancorp (IN) NASDAQ > Finance > Major Banks N/A