What is Morningstar's cash ratio?

Morningstar (MORN) reported cash ratio of 0.5× in Q1 2026.

How has Morningstar's cash ratio changed year-over-year?

Morningstar's cash ratio decreased by 14.7% year-over-year, from 0.6× to 0.5×.

What is the long-term trend for Morningstar's cash ratio?

Over 5 years (2020 to 2025), Morningstar's cash ratio has grown at a -7.8% compound annual growth rate (CAGR), from 0.7× to 0.5×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Morningstar MORN Cash ratio

Cash ratio at other companies

S&P GlobalSPGI

0.2×-0.1×

FactSet Research SystemsFDS

0.5×-0.1×

Moody'sMCO

0.4×-0.3×

MSCIMSCI

0.2×0.0×

BlackrockBLK

1.4×-1.6×

Other financials

Income statement

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Revenue$644.8M+10.8%

Gross profit$405.9M+15.8%

Operating income$155.9M+36.6%

Net income$107.1M+36.4%

EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%

Total debt$1.9B+91.9%

Total equity$1.0B-36.7%

Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%

CapEx$37.9M+17.7%

Free cash flow$53.6M-8.8%

Valuation

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Market cap$5.84B-49.2%

Profitability

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Gross margin61.7%+1.0pp

Operating margin22.7%+0.8pp

Net margin16.1%-0.5pp

FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp

Debt / equity1.9×+1.3×

Current ratio1×-0.1×

Where this comes from

Calculated from Morningstar’s reported figures.

cash and equivalents/total current liabilities=0.5×

Based on the most recent quarter.

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morningstar's cash ratio?: Morningstar (MORN) reported cash ratio of 0.5× in Q1 2026.
How has Morningstar's cash ratio changed year-over-year?: Morningstar's cash ratio decreased by 14.7% year-over-year, from 0.6× to 0.5×.
What is the long-term trend for Morningstar's cash ratio?: Over 5 years (2020 to 2025), Morningstar's cash ratio has grown at a -7.8% compound annual growth rate (CAGR), from 0.7× to 0.5×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.