Coda Octopus GroupCODA +1.37%89 Quick Ratio is 7.47 as of Apr. 2026, which is 18% above its 10-year median of 6.34. GuruFocus rates CODA with a GF Score™ of 89/100 and a GF Value™ of $10.12 (Fairly Valued). The stock has 1 warning sign investors should review. Among 357 Aerospace & Defense companies, Coda Octopus Group ranks better than 93.28% on this metric.
Coda Octopus Group has a quick ratio of 7.47. 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: 2.51 Med: 6.34 Max: 15.09
Current: 7.47
During the past 13 years, Coda Octopus Group's highest Quick Ratio was 15.09. The lowest was 2.51. And the median was 6.34.
CODA's Quick Ratio is ranked better than 93.28% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.3
vs CODA: 7.47
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
Coda Octopus Group Quick Ratio Historical Data
* Premium members only.
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.
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 Quick Ratio vs 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.
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. 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.
Coda Octopus Group (CODA) has a Quick Ratio of 7.47 as of Apr. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Coda Octopus Group and its competitors. This is 18% above median its historical median of 6.34. Over the past decade, Coda Octopus Group's Quick Ratio has ranged from 2.51 to 15.09. According to the industry distribution chart, Coda Octopus Group ranks #24 out of 357 companies in the Aerospace & Defense industry, placing it in the top 6.7%.
Is Coda Octopus Group's Quick Ratio too high?
Coda Octopus Group's current Quick Ratio of 7.47 is 18% above median its 10-year median of 6.34. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 15.09. The Aerospace & Defense industry median Quick Ratio is 1.30. Coda Octopus Group's value of 7.47 is 474.6% above this industry median. Based on the distribution chart, Coda Octopus Group ranks #24 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Coda Octopus Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's Quick Ratio compare to BYRN and SPAI?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #24 out of 357 companies for Quick Ratio. This places Coda Octopus Group in the top 7% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.30. Coda Octopus Group's value of 7.47 is 474.6% above this benchmark. Historically, Coda Octopus Group's own Quick Ratio has ranged from 2.51 to 15.09 over the past decade. While the company's 10-year median is 6.34 vs. the industry median of 1.30, Coda Octopus Group 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 an Aerospace & Defense company?
The median Quick Ratio among Aerospace & Defense companies is 1.30, based on 357 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. Coda Octopus Group's current Quick Ratio of 7.47 is 474.6% 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 Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median Quick Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current Quick Ratio is 7.47, which is 18% above median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.12, compared to a current price of $9.58 — trading 5.3% below its estimated fair value. The current Quick Ratio is 7.47, which is 18% above median its 10-year median of 6.34 and 474.6% above the Aerospace & Defense industry median of 1.30. Coda Octopus Group's overall GF Score™ is 89/100 with 1 warning sign to review. 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 Coda Octopus Group (CODA), the current Quick Ratio is 7.47 as of Apr. 2026. 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.
Is Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $9.58 is trading 5.3% below its estimated GF Value™ of $10.12.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
Quick Ratio: 7.47 (18% above median its 10-year median of 6.34)
GF Value™: $10.12 vs. price of $9.58 (5.3% below fair value)
Industry Position: 474.6% above the Aerospace & Defense median (#24 of 357)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
89GF Score
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