Polarean Imaging has a quick ratio of 4.66. It generally indicates good short-term financial strength.
The historical rank and industry rank for Polarean Imaging's Quick Ratio or its related term are showing as below:
LSE:POLX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.15 Med: 4.37 Max: 15.14
Current: 4.66
During the past 7 years, Polarean Imaging's highest Quick Ratio was 15.14. The lowest was 0.15. And the median was 4.37.
LSE:POLX's Quick Ratio is ranked better than 77.33% of 869
companies
in the Medical Devices & Instruments industry
Industry Median: 2.02
vs LSE:POLX: 4.66
Polarean Imaging Quick Ratio Historical Data
The historical data trend for Polarean Imaging'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 Polarean Imaging's Quick Ratio
For the Medical Devices subindustry, Polarean Imaging'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.
Polarean Imaging's Quick Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Polarean Imaging's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Polarean Imaging's Quick Ratio falls into.
Polarean Imaging 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.
Polarean Imaging's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Polarean Imaging (LSE:POLX) 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.
Polarean Imaging Quick Ratio Related Terms
Thank you for viewing the detailed overview of Polarean Imaging's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Polarean Imaging PLC designs and manufactures medical drug-device combination companies operating in the high-resolution medical imaging market. Its only operating segment being the development and commercialization of gas polariser devices and ancillary instruments. Geographically, it derives most of the revenue from the United States of America and also has a presence in Canada and the United Kingdom. The company generates revenue from products and services such as Polarisers, Parts and Upgrades, Service and other revenue. Its product portfolio includes 9820 129Xe Hyperpolarizer, 9800 129Xe Hyperpolarizer, Polarean 3777 129Xe Hyperpolarizer Upgrade Module, Polarean 2881 Polarization Measurement Station, and others.
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