Second Sight Medical Products has a quick ratio of 22.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Second Sight Medical Products's Quick Ratio or its related term are showing as below:
EYESW'
s Quick Ratio Range Over the Past 10 Years
Min: 0.7 Med: 2.52 Max: 28.64
Current: 22.15
During the past 10 years, Second Sight Medical Products's highest Quick Ratio was 28.64. The lowest was 0.70. And the median was 2.52.
EYESW's Quick Ratio is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 1.865
vs EYESW: 22.15
Second Sight Medical Products (NAS:EYESW) 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.
Second Sight Medical Products Quick Ratio Related Terms
Second Sight Medical Products Quick Ratio Historical Data
* 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, Second Sight Medical Products'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.
Second Sight Medical Products Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Second Sight Medical Products's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Second Sight Medical Products's Quick Ratio falls into.
Second Sight Medical Products 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.
* 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.
Second Sight Medical Products (EYESW) has a Quick Ratio of 22.15 as of Jun. 2022. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Second Sight Medical Products and its competitors. This is 779% above median its historical median of 2.52. Over the past decade, Second Sight Medical Products' Quick Ratio has ranged from 0.70 to 28.64.
Is Second Sight Medical Products' Quick Ratio too high?
Second Sight Medical Products' current Quick Ratio of 22.15 is 779% above median its 10-year median of 2.52. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 28.64. The Medical Devices & Instruments industry median Quick Ratio is 1.87. Second Sight Medical Products' value of 22.15 is 1087.7% above this industry median.
How does Second Sight Medical Products' Quick Ratio compare to SONX and LUCD?
Second Sight Medical Products' Quick Ratio of 22.15 can be compared against companies in the Medical Devices & Instruments industry. The industry median Quick Ratio is 1.87. Second Sight Medical Products' value of 22.15 is 1087.7% above this benchmark. Historically, Second Sight Medical Products' own Quick Ratio has ranged from 0.70 to 28.64 over the past decade. While the company's 10-year median is 2.52 vs. the industry median of 1.87, Second Sight Medical Products 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. Second Sight Medical Products's current Quick Ratio of 22.15 is 1087.7% 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 Second Sight Medical Products 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. Second Sight Medical Products's current Quick Ratio is 22.15, which is 779% above median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Second Sight Medical Products stock overvalued right now?
Second Sight Medical Products (EYESW) has a current Quick Ratio of 22.15. The current Quick Ratio is 22.15, which is 779% above median its 10-year median of 2.52 and 1087.7% 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 Second Sight Medical Products (EYESW), the current Quick Ratio is 22.15 as of Jun. 2022. 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.
Second Sight Medical Products Business Description
Second Sight Medical Products Inc develops, manufactures, and markets implantable prosthetic devices to create an artificial form of useful vision for blind individuals. The company's product Argus II System treats outer retinal degenerations, such as Retinitis Pigmentosa, often referred to as RP. The company generates revenue from the sale of its Argus II retinal prosthesis systems, which include the implant and external components. Geographically, the company operates in the United States, Italy, China, and of which key revenue is derived from the United States.
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