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. Kraken Robotics's quick ratio for the quarter that ended in Dec. 2023 was 0.68.
Kraken Robotics has a quick ratio of 0.68. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Kraken Robotics's Quick Ratio or its related term are showing as below:
KRKNF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.92 Max: 7.46
Current: 0.68
During the past 13 years, Kraken Robotics's highest Quick Ratio was 7.46. The lowest was 0.41. And the median was 0.92.
KRKNF's Quick Ratio is ranked worse than 88.46% of 2487
companies
in the Hardware industry
Industry Median: 1.49
vs KRKNF: 0.68
Kraken Robotics Quick Ratio Historical Data
The historical data trend for Kraken Robotics'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.
Competitive Comparison of Kraken Robotics's Quick Ratio
For the Scientific & Technical Instruments subindustry, Kraken Robotics'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.
Kraken Robotics's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Kraken Robotics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kraken Robotics's Quick Ratio falls into.
Kraken Robotics 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.
Kraken Robotics's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Kraken Robotics (OTCPK:KRKNF) 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.
Kraken Robotics Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kraken Robotics's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kraken Robotics (Kraken Robotics) Business Description
Kraken Robotics Inc is a Canadian company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries. A majority of the revenue is derived from the Sensors and Platforms segment. Geographically, the group generates revenue from Canada, the United States, Europe and other countries.
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