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ATOM (Atomera) Quick Ratio : 5.25 (As of Sep. 2024)


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What is Atomera 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. Atomera's quick ratio for the quarter that ended in Sep. 2024 was 5.25.

Atomera has a quick ratio of 5.25. It generally indicates good short-term financial strength.

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

ATOM' s Quick Ratio Range Over the Past 10 Years
Min: 0.08   Med: 10.54   Max: 59.3
Current: 5.25

During the past 10 years, Atomera's highest Quick Ratio was 59.30. The lowest was 0.08. And the median was 10.54.

ATOM's Quick Ratio is ranked better than
85.49% of 1013 companies
in the Semiconductors industry
Industry Median: 1.78 vs ATOM: 5.25

Atomera Quick Ratio Historical Data

The historical data trend for Atomera'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.

Atomera Quick Ratio Chart

Atomera Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.22 26.29 10.54 7.43 5.35

Atomera Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.06 5.35 6.78 6.03 5.25

Competitive Comparison of Atomera's Quick Ratio

For the Semiconductor Equipment & Materials subindustry, Atomera'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.


Atomera's Quick Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Atomera's Quick Ratio distribution charts can be found below:

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



Atomera 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.

Atomera's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(20.404-0)/3.814
=5.35

Atomera's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(17.792-0)/3.386
=5.25

* 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.


Atomera  (NAS:ATOM) 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.


Atomera Quick Ratio Related Terms

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Atomera Business Description

Traded in Other Exchanges
N/A
Address
750 University Avenue, Suite 280, Los Gatos, CA, USA, 95032
Atomera Inc is engaged in the business of developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry. The company's technology, named Mears Silicon Technology, or MST, is a thin film of re-engineered silicon, typically 100 to 300 angstroms (or approximately 20 to 60 silicon atomic unit cells) thick. MST can be applied as a transistor channel enhancement to CMOS-type transistors, the most widely used transistor type in the semiconductor industry. The mears silicon technology of the company can be used for applications like Analog, DRAM, FinFET technology, logic and processors, and SRAM.
Executives
Scott A. Bibaud director, officer: CEO and President 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Francis Laurencio officer: See Remarks 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
Robert J Mears officer: Chief Technology Officer 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
John Gerber director 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
Steven K Shevick director
Le Duy Loan T director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Suja Ramnath director 321 CORAL CIRCLE, EL SEGUNDO CA 90245
Jeffrey A Lewis officer: SVP, Marketing & Business Dev. C/O ATOMERA INCORPORATED, 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
Sudarsan Srinivasan officer: VP Engineering C/O ATOMERA INCORPORATED, 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
Erwin Trautmann director, officer: See Remarks 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
C Rinn Cleavelin director 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032
Rolf Stadheim director 750 UNIVERSITY AVENUE, SUITE 280, LOS GATOS CA 95032