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Laser Photonics (Laser Photonics) Quick Ratio : 4.64 (As of Dec. 2023)


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What is Laser Photonics 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. Laser Photonics's quick ratio for the quarter that ended in Dec. 2023 was 4.64.

Laser Photonics has a quick ratio of 4.64. It generally indicates good short-term financial strength.

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

LASE' s Quick Ratio Range Over the Past 10 Years
Min: 1.05   Med: 3.22   Max: 13.15
Current: 4.64

During the past 5 years, Laser Photonics's highest Quick Ratio was 13.15. The lowest was 1.05. And the median was 3.22.

LASE's Quick Ratio is ranked better than
90.92% of 3028 companies
in the Industrial Products industry
Industry Median: 1.39 vs LASE: 4.64

Laser Photonics Quick Ratio Historical Data

The historical data trend for Laser Photonics'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.

Laser Photonics Quick Ratio Chart

Laser Photonics Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
- 1.05 1.79 13.15 4.64

Laser Photonics Quarterly Data
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 13.15 4.99 18.16 17.12 4.64

Competitive Comparison of Laser Photonics's Quick Ratio

For the Specialty Industrial Machinery subindustry, Laser Photonics'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.


Laser Photonics's Quick Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Laser Photonics's Quick Ratio falls into.



Laser Photonics 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.

Laser Photonics'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
=(9.335-2.278)/1.52
=4.64

Laser Photonics'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
=(9.335-2.278)/1.52
=4.64

* 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.


Laser Photonics  (NAS:LASE) 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.


Laser Photonics Quick Ratio Related Terms

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Laser Photonics (Laser Photonics) Business Description

Traded in Other Exchanges
N/A
Address
1101 N. Keller Road, Suite G, Orlando, FL, USA, 32810
Laser Photonics Corp is an integrated manufacturing company for photonics-based industrial products and solutions, primarily laser cleaning technologies. Its laser-blasting technologies are focused on disrupting the sandblasting and abrasives blasting markets. The company offers a portfolio of integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning, and surface conditioning. Its laser-blasting solutions are applicable in every industry dealing with materials processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, aerospace, heavy industry, machine manufacturing, nuclear maintenance and de-commissioning, and surface coating.
Executives
Dmitriy Nikitin 10 percent owner 400 RINEHART ROAD #1000, LAKE MARY FL 32746
Tatiana Nikitina director, officer: Secretary, Marketing Director 3217 YATTIKA PLACE, LONGWOOD FL 32779
Arnold Bykov director, officer: Chief Design Engineer 400 RINEHART ROAD #1000, LAKE MARY FL 32746
Wayne Tupuola director, officer: Chief Executive Officer C/O MABWE MINERALS INC, 400 RINEHART ROAD, #1000, LAKE MARY FL 32746
Ict Investments Llc 10 percent owner 3217 YUTTKA PLACE, LONGWOOD FL 32779
Tim Schick officer: VP Finance 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Ryan Tennyson director 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Glenn Peterson director 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Igor Vodopiyanov officer: VP R&D and Product Development 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Shara Pathak director 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810