1347 Property Insurance quick ratio

Quick ratio of 1347 Property Insurance Holdings, Inc.

1.25
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.


About 1347 Property Insurance Holdings, Inc.

1347 Property Insurance Holdings, Inc., through its subsidiaries, provides property and casualty insurance products to individuals in Louisiana and Texas. The company offers homeowners' insurance, manufactured home insurance, dwelling fire insurance, and wind/hail insurance products, as well as reinsurance products. It offers its insurance policies through a network of independent agents. The company was formerly known as Maison Insurance Holdings, Inc. and changed its name to 1347 Property Insurance Holdings, Inc. in November 2013. 1347 Property Insurance Holdings, Inc. was founded in 2012 and is based in Tampa, Florida.

Companies with Debt/Equity similar to 1347 Property Insurance