Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: Total Current Assets
QFRTCAPTSUSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
591,077.00
Year-over-Year Change
7.41%
Date Range
10/1/2009 - 1/1/2025
Summary
This trend tracks the total current assets of U.S. corporations in professional and technical services, excluding legal services. It provides a critical snapshot of financial liquidity and short-term economic health in a key service sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The metric represents the sum of cash, marketable securities, accounts receivable, and other assets that can be converted to cash within one year for professional and technical service firms. Economists use this indicator to assess sector-specific financial strength and potential investment opportunities.
Methodology
Data is collected through quarterly financial surveys and corporate reporting, aggregated and standardized by the U.S. Federal Reserve.
Historical Context
This trend is used by policymakers, investors, and economic analysts to understand service sector financial dynamics and potential economic performance indicators.
Key Facts
- Represents financial assets for professional and technical service corporations
- Excludes legal services to provide a focused industry view
- Quarterly data helps track short-term financial health trends
FAQs
Q: What does 'total current assets' mean?
A: Total current assets represent all assets that can be converted to cash within one year, including cash, receivables, and short-term investments.
Q: Why exclude legal services?
A: Excluding legal services allows for a more precise analysis of other professional and technical service sectors, providing a clearer economic snapshot.
Q: How often is this data updated?
A: The data is typically updated quarterly, providing a regular pulse on the financial condition of professional and technical service corporations.
Q: How do investors use this trend?
A: Investors analyze this trend to assess sector financial health, potential growth, and make informed investment decisions in professional services.
Q: What are the limitations of this data?
A: The data represents aggregate trends and may not capture individual company performance or rapid market changes.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: Total Current Assets [QFRTCAPTSUSNO], retrieved from FRED.
Last Checked: 8/1/2025