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INHD (Inno Holdings) Quick Ratio : 1.49 (As of Sep. 2024)


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What is Inno Holdings 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. Inno Holdings's quick ratio for the quarter that ended in Sep. 2024 was 1.49.

Inno Holdings has a quick ratio of 1.49. It generally indicates good short-term financial strength.

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

INHD' s Quick Ratio Range Over the Past 10 Years
Min: 0.19   Med: 1.02   Max: 1.49
Current: 1.49

During the past 4 years, Inno Holdings's highest Quick Ratio was 1.49. The lowest was 0.19. And the median was 1.02.

INHD's Quick Ratio is ranked better than
69% of 642 companies
in the Steel industry
Industry Median: 1.005 vs INHD: 1.49

Inno Holdings Quick Ratio Historical Data

The historical data trend for Inno Holdings'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.

Inno Holdings Quick Ratio Chart

Inno Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24
Quick Ratio
1.01 1.02 0.19 1.49

Inno Holdings Quarterly Data
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 0.19 1.88 1.69 1.73 1.49

Competitive Comparison of Inno Holdings's Quick Ratio

For the Steel subindustry, Inno Holdings'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.


Inno Holdings's Quick Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Inno Holdings's Quick Ratio distribution charts can be found below:

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



Inno Holdings 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.

Inno Holdings's Quick Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Quick Ratio (A: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.289-0.333)/1.313
=1.49

Inno Holdings'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
=(2.289-0.333)/1.313
=1.49

* 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.


Inno Holdings  (NAS:INHD) 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.


Inno Holdings Quick Ratio Related Terms

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Inno Holdings Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2465 Farm Market 359 South, Brookshire, TX, USA, 77423
Inno Holdings Inc is a building technology company with a mission to transform the construction industry with its proprietary cold-formed steel-framing technology and other innovations. It is a manufacturer of cold-formed-steel members and prefabricated homes. It offers a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. The company sells these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure.