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FEIM (Frequency Electronics) Quick Ratio : 0.90 (As of Jul. 2024)


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What is Frequency Electronics 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. Frequency Electronics's quick ratio for the quarter that ended in Jul. 2024 was 0.90.

Frequency Electronics has a quick ratio of 0.90. It indicates that the company cannot currently fully pay back its current liabilities.

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

FEIM' s Quick Ratio Range Over the Past 10 Years
Min: 0.9   Med: 3.87   Max: 6.36
Current: 0.93

During the past 13 years, Frequency Electronics's highest Quick Ratio was 6.36. The lowest was 0.90. And the median was 3.87.

FEIM's Quick Ratio is ranked worse than
76.07% of 2470 companies
in the Hardware industry
Industry Median: 1.45 vs FEIM: 0.93

Frequency Electronics Quick Ratio Historical Data

The historical data trend for Frequency Electronics'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.

Frequency Electronics Quick Ratio Chart

Frequency Electronics Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 2.02 1.65 1.02 1.12

Frequency Electronics Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 1.07 1.03 1.12 0.90 0.93

Competitive Comparison of Frequency Electronics's Quick Ratio

For the Communication Equipment subindustry, Frequency Electronics'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.


Frequency Electronics's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Frequency Electronics's Quick Ratio distribution charts can be found below:

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



Frequency Electronics 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.

Frequency Electronics's Quick Ratio for the fiscal year that ended in Apr. 2024 is calculated as

Quick Ratio (A: Apr. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(60.507-23.431)/33.182
=1.12

Frequency Electronics's Quick Ratio for the quarter that ended in Jul. 2024 is calculated as

Quick Ratio (Q: Jul. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(59.225-24.308)/38.693
=0.90

* 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.


Frequency Electronics  (NAS:FEIM) 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.


Frequency Electronics Quick Ratio Related Terms

Thank you for viewing the detailed overview of Frequency Electronics's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Frequency Electronics Business Description

Traded in Other Exchanges
Address
55 Charles Lindbergh Boulevard, Mitchel Field, NY, USA, 11553
Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.
Executives
Russell M Sarachek director 4718 FOXHALL CRESCENTS NW, WASHINGTON DC 20007
Edenbrook Long Only Value Fund, Lp director, 10 percent owner EDENBROOK CAPITAL, LLC, 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Steven E Strang officer: President, FEI-Zyfer, Inc. C/O FREQUENCY ELECTRONICS, INC., 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Thomas Mcclelland officer: Vice President, Comml Products C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Stanton D Sloane director COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747
John Patrick Caulfield officer: VP of Manufacturing C/O FREQUENCY ELECTRONICS, 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11533
Edenbrook Capital, Llc director, 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Martin B Bloch director, officer: President FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Robert Schwartz director 11552 PROSPEROUS DRIVE, ODESSA FL 33556
Jonathan Brolin director, 10 percent owner 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
Privet Fund Lp 10 percent owner, other: See Explanation of Responses 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Oleandro Mancini officer: Vice President, Bus. Develop C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Lance W Lord director 1110 TRUMPETERS COURT, MONUMENT CO 80132
Steven Lawrence Bernstein officer: Chief Financial Officer C/O FREQUENCY ELECTRONICS INC., 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11553
Ryan Levenson 10 percent owner, other: See Explanation of Responses 2396 DELLWOOD DRIVE, ATLANTA GA 30305