Perpetual Industries has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Perpetual Industries's Quick Ratio or its related term are showing as below:
PRPI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.59
Current: 0.27
During the past 5 years, Perpetual Industries's highest Quick Ratio was 0.59. The lowest was 0.02. And the median was 0.03.
PRPI's Quick Ratio is ranked worse than 97.62% of 3028
companies
in the Industrial Products industry
Industry Median: 1.39
vs PRPI: 0.27
Perpetual Industries Quick Ratio Historical Data
The historical data trend for Perpetual Industries'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.
Perpetual Industries Quick Ratio Chart
Perpetual Industries Annual Data
Trend
Jul13
Jul14
Jul15
Dec21
Dec22
Quick Ratio
0.02
0.02
0.03
0.59
0.27
Perpetual Industries Semi-Annual Data
Jul13
Jul14
Jul15
Dec21
Dec22
Quick Ratio
0.02
0.02
0.03
0.59
0.27
Competitive Comparison of Perpetual Industries's Quick Ratio
For the Specialty Industrial Machinery subindustry, Perpetual Industries'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.
Perpetual Industries's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Perpetual Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Perpetual Industries's Quick Ratio falls into.
Perpetual Industries 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.
Perpetual Industries's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Perpetual Industries (OTCPK:PRPI) 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.
Perpetual Industries Quick Ratio Related Terms
Thank you for viewing the detailed overview of Perpetual Industries's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Perpetual Industries (Perpetual Industries) Business Description
Perpetual Industries Inc is engaged in the research, development, and commercialization of energy efficient products. The company's proprietary XYO Mechanical Balancing Technology is designed to harness rotor displacement energy and delivers solutions for inefficiencies that commonly affect rotating equipment, machinery, and devices. The firm is expanding expertise and knowledge of energy-efficient technology by developing low-cost, green energy solutions for various industries, including artificial intelligence, blockchain mining, graphic rendering, renewable energy, cloud computing and the internet of things, while continuing research, development, and commercialization of its proprietary XYO Balancing Technology in key applications.
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