Control BionicsASX:CBL -3.53% Quick Ratio is 2.04 as of Dec. 2025, which is 42% below its 10-year median of 3.54. The stock has 7 warning signs investors should review. Among 854 Medical Devices & Instruments companies, Control Bionics ranks better than 54.1% on this metric.
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. Control Bionics's quick ratio for the quarter that ended in Dec. 2025 was 2.04.
Control Bionics has a quick ratio of 2.04. It generally indicates good short-term financial strength.
The historical rank and industry rank for Control Bionics's Quick Ratio or its related term are showing as below:
ASX:CBL'
s Quick Ratio Range Over the Past 10 Years
Min: 1.08 Med: 3.54 Max: 43.72
Current: 2.04
During the past 6 years, Control Bionics's highest Quick Ratio was 43.72. The lowest was 1.08. And the median was 3.54.
ASX:CBL's Quick Ratio is ranked better than 54.1% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.865
vs ASX:CBL: 2.04
Control Bionics (ASX:CBL) 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.
Control Bionics Quick Ratio Related Terms
Control Bionics Quick Ratio Historical Data
* Premium members only.
The historical data trend for Control Bionics'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.
For the Medical Devices subindustry, Control Bionics'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.
Control Bionics Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Control Bionics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Control Bionics'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.
Control Bionics's Quick Ratio for the fiscal year that ended in Jun. 2025 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.
Control Bionics (ASX:CBL) has a Quick Ratio of 2.04 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Control Bionics and its competitors. This is 42% below median its historical median of 3.54. Over the past decade, Control Bionics' Quick Ratio has ranged from 1.08 to 43.72. According to the industry distribution chart, Control Bionics ranks #392 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 45.9%.
Is Control Bionics' Quick Ratio too high?
Control Bionics' current Quick Ratio of 2.04 is 42% below median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 43.72. The Medical Devices & Instruments industry median Quick Ratio is 1.87. Control Bionics' value of 2.04 is 9.4% above this industry median. Based on the distribution chart, Control Bionics ranks #392 out of 854 companies in the Medical Devices & Instruments industry, which is above the industry midpoint.
How does Control Bionics' Quick Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Control Bionics ranks #392 out of 854 companies for Quick Ratio. This puts Control Bionics in the upper half of its industry. The industry median Quick Ratio is 1.87. Control Bionics' value of 2.04 is 9.4% above this benchmark. Historically, Control Bionics' own Quick Ratio has ranged from 1.08 to 43.72 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 1.87, Control Bionics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.87, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Control Bionics's current Quick Ratio of 2.04 is 9.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Control Bionics and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Control Bionics's current Quick Ratio is 2.04, which is 42% below median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Control Bionics stock overvalued right now?
Based on GuruFocus' analysis, Control Bionics (ASX:CBL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.03, compared to a current price of A$0.08 — trading 173.3% above its estimated fair value. The current Quick Ratio is 2.04, which is 42% below median its 10-year median of 3.54 and 9.4% above the Medical Devices & Instruments industry median of 1.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Control Bionics (ASX:CBL), the current Quick Ratio is 2.04 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Control Bionics Ltd is engaged in the healthcare device business. It is involved in developing, commercializing, and selling assistive communications technology systems within the disability sector. Its core systems include NeuroNode Trilogy and NeuroNode3. These systems allow people with speech and movement difficulties to control a computer for speech generation, electronic communications, entertainment, and external control of other devices. Geographically, it derives a majority of revenue from North America and has its presence in Australia as well.
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