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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. Lightning eMotors's quick ratio for the quarter that ended in Sep. 2023 was 0.29.
Lightning eMotors has a quick ratio of 0.29. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Lightning eMotors's Quick Ratio or its related term are showing as below:
During the past 4 years, Lightning eMotors's highest Quick Ratio was 19.33. The lowest was 0.19. And the median was 4.72.
The historical data trend for Lightning eMotors'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.
Lightning eMotors Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
Quick Ratio | 0.79 | 0.20 | 12.82 | 4.72 |
Lightning eMotors Quarterly Data | |||||||||||||||
Dec19 | Mar20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Quick Ratio | Get a 7-Day Free Trial | 4.86 | 4.72 | 2.86 | 0.38 | 0.29 |
For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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 Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Lightning eMotors'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.
Lightning eMotors's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (122.377 | - | 47.066) | / | 15.94 | |
= | 4.72 |
Lightning eMotors's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as
Quick Ratio (Q: Sep. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (39.658 | - | 19.214) | / | 70.259 | |
= | 0.29 |
* 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.
Lightning eMotors (OTCPK:ZEVY) 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 Lightning eMotors's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Rosella Holdings Ltd | 10 percent owner | TRAFALGAR COURT, 3RD FLOOR, WEST WING, LES BANQUES, ST PETER PORT Y7 GY1 2JA |
David Agatston | officer: Chief Financial Officer | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Wanda Jackson-davis | director | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Shashi Seth | officer: Chief Revenue Officer | 3080 SOUTH CT, PALO ALTO CA 94306 |
Jack Kenneth P. Jr. | director | 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Robert Fenwick-smith | director | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Bruce Coventry | director | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Timothy Reeser | director, officer: Chief Executive Officer | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Teresa Covington | officer: Chief Financial Officer | C/O AEROVIRONMENT, INC., 181 W. HUNTINGTON DR., SUITE 202, MONROVIA CA 91016 |
Raluca Dinu | director | C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303 |
Diana D Tremblay | director | 2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019 |
Thaddeus Senko | director | C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-11164 |
Andrea Betti-berutto | other: former director | C/O GIGCAPITAL3, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303 |
Peter S Wang | other: former director | GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306 |
John J Mikulsky | other: former director | C/O KALEYRA, INC., 1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303 |
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