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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. Ideal Power's quick ratio for the quarter that ended in Dec. 2023 was 9.70.
Ideal Power has a quick ratio of 9.70. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ideal Power's Quick Ratio or its related term are showing as below:
During the past 13 years, Ideal Power's highest Quick Ratio was 43.18. The lowest was 3.27. And the median was 6.66.
The historical data trend for Ideal Power'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.
Ideal Power Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 4.83 | 5.22 | 43.18 | 37.65 | 9.70 |
Ideal Power 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 | 37.65 | 29.99 | 16.91 | 13.64 | 9.70 |
For the Electrical Equipment & Parts subindustry, Ideal Power'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.
For the Industrial Products industry and Industrials sector, Ideal Power's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ideal Power's Quick Ratio falls into.
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.
Ideal Power's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Quick Ratio (A: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (9.109 | - | 0.081) | / | 0.931 | |
= | 9.70 |
Ideal Power'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 |
= | (9.109 | - | 0.081) | / | 0.931 | |
= | 9.70 |
* 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.
Ideal Power (NAS:IPWR) 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.
Thank you for viewing the detailed overview of Ideal Power's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory C Knight | director | C/O IDEAL POWER INC., 5508 HIGHWAY 290 WEST, SUITE 120, AUSTIN TX 78735 |
Drue Freeman | director | C/O IDEAL POWER INC., 5508 HIGHWAY 290 WEST, SUITE 120, AUSTIN TX 78735 |
Laban E Lesster | director | 4120 FREIDRICH LN STE 100, AUSTIN TX 78744 |
David B Eisenhaure | director | 478 JERUSALEM ROAD, COHASSET MA 02025 |
Michael C Turmelle | director | 27 COUNTRY FARM WAY, STRATHAM NH 03885 |
Lon E Bell | director, officer: President and CEO | C/O AMERIGON INC, 5462 IRWINDALE AVENUE, IRWINDALE CA 91706 |
Daniel Brdar | director, officer: BTRAN Chief Commercial Officer | FUELCELL ENERGY INC, 3 GREAT PASTURE ROAD, DANBURY CT 06813-1305 |
Timothy Burns | officer: Chief Financial Officer | 900 E. HAMILTON AVENUE, SUITE 400, CAMPBELL CA 95008 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
Bill Alexander | director, officer: Chief Technology Officer | 5004 BEE CREEK ROAD, SUITE 600, SPICEWOOD TX 78669 |
Mark L Baum | director | C/O IMPRIMIS PHARMACEUTICALS, INC, 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130 |
Peter A Appel | 10 percent owner | C/O ARCH CAPITAL HOLDINGS LTD, 20 HORSENECK LANE, GREENWICH CT 06830 |
Ryan O'keefe | officer: Senior VP, Bus. Development | 4120 FREIDRICH LANE, SUITE 100, AUSTIN TX 78744 |
Marxe Austin W & Greenhouse David M | 10 percent owner | C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
Tarr Charles De | 10 percent owner, officer: VP Finance | 5004 BEE CREEK ROAD, SUITE 600, SPICEWOOD TX 78669 |
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