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Cavitation Technologies (Cavitation Technologies) Quick Ratio : 0.01 (As of Dec. 2023)


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What is Cavitation Technologies Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Cavitation Technologies's quick ratio for the quarter that ended in Dec. 2023 was 0.01.

Cavitation Technologies has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Cavitation Technologies's Quick Ratio or its related term are showing as below:

CVAT' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.52   Max: 1.18
Current: 0.01

During the past 13 years, Cavitation Technologies's highest Quick Ratio was 1.18. The lowest was 0.01. And the median was 0.52.

CVAT's Quick Ratio is ranked worse than
99.87% of 3028 companies
in the Industrial Products industry
Industry Median: 1.39 vs CVAT: 0.01

Cavitation Technologies Quick Ratio Historical Data

The historical data trend for Cavitation Technologies's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cavitation Technologies Quick Ratio Chart

Cavitation Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.60 0.76 0.86 0.02

Cavitation Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.34 0.02 0.11 0.01

Competitive Comparison of Cavitation Technologies's Quick Ratio

For the Specialty Industrial Machinery subindustry, Cavitation Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cavitation Technologies's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cavitation Technologies's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Cavitation Technologies's Quick Ratio falls into.



Cavitation Technologies Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Cavitation Technologies's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.018-0)/0.864
=0.02

Cavitation Technologies's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.007-0)/1.124
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cavitation Technologies  (OTCPK:CVAT) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Cavitation Technologies Quick Ratio Related Terms

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Cavitation Technologies (Cavitation Technologies) Business Description

Traded in Other Exchanges
N/A
Address
10019 Canoga Avenue, Chatsworth, CA, USA, 91311
Cavitation Technologies Inc develops, patents, and commercializes the proprietary technology for large-scale liquid processing applications. The firm has commercialized its proprietary technology for refining vegetable oils by providing domestic and foreign refining facilities with a firm's Nano Neutralization technology and cavitation systems comprising the Nano Reactor. Its technologies can be applied to several other fluid-processing industries that will benefit from increased yields, lowered processing costs, and improved quality. It has filed patent applications related to edible oil refining, renewable fuel production, both alcoholic and non-alcoholic beverage processing and enhancement, and petroleum upgrading. Its component comprises of Nano Reactor and LPN.
Executives
Naum Voloshin officer: Chief Financial Officer 10019 CANOGA AVENUE, CHATSWORTH CA 91311
Roman Gordon director, 10 percent owner, officer: CEO, Secretary 10019 CANOGA AVENUE, CHATSWORTH CA 91311
Todd Zelek director, officer: CEO 730 SOUTH SAN RAFAEL AVENUE, PASADENA CA 91105
James W Fuller director C/O BAYTREE CAPITAL ASSOCIATES LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
Igor Gorodnitsky director, 10 percent owner, officer: President 10019 CANOGA AVENUE, CHATSWORTH CA 91311
R L Hartshorn director, 10 percent owner, officer: CFO 10019 CANOGA AVENUE, CHATSWORTH CA 91311
Jose Antonio Castro director, 10 percent owner, officer: CEO & CFO 3702 SOUTH VIRGINIA STREET, #G12-401, RENO NV 89502
Zhang Haiming director, 10 percent owner, officer: Chief Technology Officer 3702 SOUTH VIRGINIA STREET, #G12-401, RENO NV 89502

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