Coda Octopus Group has a quick ratio of 10.90. It generally indicates good short-term financial strength.
The historical rank and industry rank for Coda Octopus Group's Quick Ratio or its related term are showing as below:
CODA'
s Quick Ratio Range Over the Past 10 Years
Min: 2.28 Med: 5.12 Max: 15.09
Current: 10.9
During the past 13 years, Coda Octopus Group's highest Quick Ratio was 15.09. The lowest was 2.28. And the median was 5.12.
CODA's Quick Ratio is ranked better than 97.12% of 313
companies
in the Aerospace & Defense industry
Industry Median: 1.1
vs CODA: 10.90
Coda Octopus Group Quick Ratio Historical Data
The historical data trend for Coda Octopus Group'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.
Competitive Comparison of Coda Octopus Group's Quick Ratio
For the Aerospace & Defense subindustry, Coda Octopus Group'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.
Coda Octopus Group's Quick Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's Quick Ratio falls into.
Coda Octopus Group 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.
Coda Octopus Group's Quick Ratio for the fiscal year that ended in Oct. 2023 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.
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Coda Octopus Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Coda Octopus Group (Coda Octopus Group) Business Description
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.
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