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Qualstar (Qualstar) Quick Ratio : 2.61 (As of Sep. 2023)


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What is Qualstar 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. Qualstar's quick ratio for the quarter that ended in Sep. 2023 was 2.61.

Qualstar has a quick ratio of 2.61. It generally indicates good short-term financial strength.

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

QBAK' s Quick Ratio Range Over the Past 10 Years
Min: 2.33   Med: 2.61   Max: 3.05
Current: 2.61

During the past 13 years, Qualstar's highest Quick Ratio was 3.05. The lowest was 2.33. And the median was 2.61.

QBAK's Quick Ratio is ranked better than
78.8% of 3024 companies
in the Industrial Products industry
Industry Median: 1.38 vs QBAK: 2.61

Qualstar Quick Ratio Historical Data

The historical data trend for Qualstar'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.

Qualstar Quick Ratio Chart

Qualstar Annual Data
Trend Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Dec16 Dec17 Dec18 Dec19
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 2.46 2.68 2.74 2.57

Qualstar Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep22 Sep23
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 2.39 2.57 2.69 - 2.61

Competitive Comparison of Qualstar's Quick Ratio

For the Electrical Equipment & Parts subindustry, Qualstar'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.


Qualstar's Quick Ratio Distribution in the Industrial Products Industry

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

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



Qualstar 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.

Qualstar's Quick Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Quick Ratio (A: Dec. 2019 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(9.08-2.54)/2.543
=2.57

Qualstar'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
=(7.097-2.481)/1.767
=2.61

* 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.


Qualstar  (OTCPK:QBAK) 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.


Qualstar Quick Ratio Related Terms

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


Qualstar (Qualstar) Business Description

Traded in Other Exchanges
N/A
Address
1 Jenner, Suite 200, Irvine, CA, USA, 92618
Qualstar Corp is a U.S based provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The company's segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies. Under the Data Storage segment, it designs, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data in network computing environments. It has its geographic presence in North America, Europe.
Executives
Joy C. Hou director C/O QUALSTAR CORPORATION, 1267 FLYNN ROAD, CAMARILLO CA 93012
Steven N Bronson director, 10 percent owner, officer: Chief Executive Officer
William J Gervais 10 percent owner 1925 ANGUS AVENUE, UNIT B, SIMI VALLEY CA 93063
Leonard Hagan director 650 THOMAS AVENUE, BALDWIN NY 11510
Bkf Capital Group Inc 10 percent owner 1 JENNER, SUITE 200, IRVINE CA 92618
Bkf Asset Holdings, Inc. 10 percent owner 3990-B HERITAGE OAK COURT, SIMI VALLEY CA 93063
David John Wolenski director 5328 W. BURGUNDY PL., LITTLETON CO 80123
Nicholas Yarymovych director 1716 ADDISON ROAD, PALOS VERDES ESTATES CA 90274
Louann Negrete officer: Chief Financial Officer 31248 OAK CREST DR. SUITE 120, WESTLAKE VILLAGE CA 91361
Miller Lloyd I Iii 10 percent owner
Sean Michael Leder director 31248 OAK CREST DRIVE, SUITE 120, WEST LAKE VILLAGE CA 91361
Jan Daniel Ko Chieh officer: Executive Vice President 4401 MAR ESCARPA, SAN CLEMENTE CA 92673
William J Lurie officer: VP Engineering 3990-B HERITAGE OAK CT., SIMI VALLEY CA 93063
Dale Edward Wallis director 2221 SW 118TH STREET, OKLAHOMA CITY OK 73170
Alan B Howe director 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081

Qualstar (Qualstar) Headlines

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Qualstar Corp. (QBAK) CEO William J Gervais buys 8,584 Shares

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Qualstar Corp. (QBAK) CEO William J Gervais buys 6,900 Shares

By GuruFocus Research GuruFocus Editor 03-10-2010

Qualstar Corp. (QBAK) CEO William J Gervais buys 3,000 Shares

By GuruFocus Research GuruFocus Editor 11-20-2009