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Innovex InternationalINVX -1.46%21 Quick Ratio is 3.32 as of Jun. 2026, which is 39% above its 10-year median of 2.39. GuruFocus rates INVX with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 1,022 Oil & Gas companies, Innovex International ranks better than 83.95% on this metric.
Innovex International (NYSE:INVX) 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.
Innovex International Quick Ratio Related Terms
Innovex International Quick Ratio Historical Data
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The historical data trend for Innovex International'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 Oil & Gas Equipment & Services subindustry, Innovex International'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.
Innovex International Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Innovex International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Innovex International'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.
Innovex International's Quick Ratio for the fiscal year that ended in Dec. 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.
Innovex International (INVX) has a Quick Ratio of 3.32 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Innovex International and its competitors. This is 39% above median its historical median of 2.39. Over the past decade, Innovex International's Quick Ratio has ranged from 1.45 to 3.38. According to the industry distribution chart, Innovex International ranks #164 out of 1022 companies in the Oil & Gas industry, placing it in the top 16%.
Is Innovex International's Quick Ratio too high?
Innovex International's current Quick Ratio of 3.32 is 39% above median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.38. The Oil & Gas industry median Quick Ratio is 1.13. Innovex International's value of 3.32 is 193.8% above this industry median. Based on the distribution chart, Innovex International ranks #164 out of 1022 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Innovex International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Innovex International's Quick Ratio compare to NEXT and XPRO?
According to the Oil & Gas industry distribution chart, Innovex International ranks #164 out of 1022 companies for Quick Ratio. This places Innovex International in the top 16% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.13. Innovex International's value of 3.32 is 193.8% above this benchmark. Historically, Innovex International's own Quick Ratio has ranged from 1.45 to 3.38 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 1.13, Innovex International 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 Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.13, based on 1,022 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. Innovex International's current Quick Ratio of 3.32 is 193.8% 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 Innovex International and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovex International's current Quick Ratio is 3.32, which is 39% above median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovex International stock overvalued right now?
Innovex International (INVX) has a current Quick Ratio of 3.32. The current Quick Ratio is 3.32, which is 39% above median its 10-year median of 2.39 and 193.8% above the Oil & Gas industry median of 1.13. Innovex International's overall GF Score™ is 21/100 with 5 warning signs 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 Innovex International (INVX), the current Quick Ratio is 3.32 as of Jun. 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.
Innovex International Inc designs, manufactures, sells, and rents mission-critical engineered products to the oil and natural gas industry. Its products are Subsea, Surface Wellheads, Well Construction, Well Completion, Production Solutions, Fishing & Intervention. Its products support upstream onshore and offshore activities. The group's geographic regions are North America, Latin America, Middle East & Asia Pacific, and Europe & Africa.
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