Northwest Pipe Co has a quick ratio of 1.88. It generally indicates good short-term financial strength.
The historical rank and industry rank for Northwest Pipe Co's Quick Ratio or its related term are showing as below:
NWPX'
s Quick Ratio Range Over the Past 10 Years
Min: 1.88 Med: 3.88 Max: 7.28
Current: 1.88
During the past 13 years, Northwest Pipe Co's highest Quick Ratio was 7.28. The lowest was 1.88. And the median was 3.88.
NWPX's Quick Ratio is ranked better than 65.67% of 3024
companies
in the Industrial Products industry
Industry Median: 1.39
vs NWPX: 1.88
Northwest Pipe Co Quick Ratio Historical Data
The historical data trend for Northwest Pipe Co'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 Northwest Pipe Co's Quick Ratio
For the Metal Fabrication subindustry, Northwest Pipe Co'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.
Northwest Pipe Co's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Northwest Pipe Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Northwest Pipe Co's Quick Ratio falls into.
Northwest Pipe Co 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.
Northwest Pipe Co's Quick Ratio for the fiscal year that ended in Dec. 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.
Northwest Pipe Co (NAS:NWPX) 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.
Northwest Pipe Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Northwest Pipe Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Northwest Pipe Co (Northwest Pipe Co) Business Description
Northwest Pipe Co is a manufacturer of water-related infrastructure products. The company has two operating segments; Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are related to drinking water systems. These products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications, and Precast Infrastructure and Engineered Systems segment manufacture stormwater and wastewater technology products, high-quality precast and reinforced concrete products, including manholes, box culverts, vaults, and catch basins, pump lift stations, oil water separators, biofiltration, and other environmental and engineered solutions.
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