GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ozop Energy Solutions Inc (OTCPK:OZSC) » Definitions » Quick Ratio

Ozop Energy Solutions (Ozop Energy Solutions) Quick Ratio : 0.06 (As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Ozop Energy Solutions 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. Ozop Energy Solutions's quick ratio for the quarter that ended in Dec. 2023 was 0.06.

Ozop Energy Solutions has a quick ratio of 0.06. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Ozop Energy Solutions's Quick Ratio or its related term are showing as below:

OZSC' s Quick Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.15   Max: 0.63
Current: 0.06

During the past 8 years, Ozop Energy Solutions's highest Quick Ratio was 0.63. The lowest was 0.03. And the median was 0.15.

OZSC's Quick Ratio is ranked worse than
99.37% of 3024 companies
in the Industrial Products industry
Industry Median: 1.39 vs OZSC: 0.06

Ozop Energy Solutions Quick Ratio Historical Data

The historical data trend for Ozop Energy Solutions'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.

Ozop Energy Solutions Quick Ratio Chart

Ozop Energy Solutions Annual Data
Trend Apr16 Apr17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.03 0.22 0.25 0.29 0.06

Ozop Energy Solutions 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 0.29 0.35 0.21 0.12 0.06

Competitive Comparison of Ozop Energy Solutions's Quick Ratio

For the Electrical Equipment & Parts subindustry, Ozop Energy Solutions'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.


Ozop Energy Solutions's Quick Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ozop Energy Solutions's Quick Ratio falls into.



Ozop Energy Solutions 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.

Ozop Energy Solutions'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
=(2.78-1.09)/29.782
=0.06

Ozop Energy Solutions'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
=(2.78-1.09)/29.782
=0.06

* 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.


Ozop Energy Solutions  (OTCPK:OZSC) 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.


Ozop Energy Solutions Quick Ratio Related Terms

Thank you for viewing the detailed overview of Ozop Energy Solutions's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ozop Energy Solutions (Ozop Energy Solutions) Business Description

Traded in Other Exchanges
N/A
Address
55 Ronald Reagan Boulevard, Warwick, NY, USA, 10990
Ozop Energy Solutions Inc is engaged in the renewable, electric vehicle, energy storage, and energy resiliency sectors. The company invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The components it distributes include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators, and other associated electrical equipment and components that are all manufactured by multiple companies, both domestic and international.
Executives
Thomas J Mcleer officer: Chief Operating Officer 20 BLUE HORIZON, LAGUNA NIGUEL CA 92677
Michael D Chermak director, 10 percent owner, officer: CEO
Barry S Hollander officer: CFO 319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Salman J Chaudhry director, officer: COO
Eric Siu director, 10 percent owner 319 CLEMATIS STREET, SUITE 714, WEST PALM BEACH FL 33401
Rwo Medical Consulting Llc 10 percent owner 5227 W ADAMS AVE, #401, TEMPLE TX 76502